Cliodynamics

  1. The elite (however defined) grows too numerous for the number of positions available, thus creating one or more counter-elites.
  2. Living standards for most people decline.
  3. Public debt becomes excessive.
Isaac Asimov, 1920–1992. (National Portrait Gallery, Smithsonian Institution; gift of Arnold Newman.)

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Andy Goldblatt

Andy Goldblatt

Former Risk Manager at UC Berkeley, author of four books, ectomorphic introvert.