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A society where too much wealth goes into rent-seeking and speculation eventually has nobody doing productive work or creating new wealth, leading to social collapse.
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A society where too much wealth goes into rent-seeking and speculation eventually has nobody doing productive work or creating new wealth, leading to social collapse.
"It's just a bubble, guys. Okay? Why is it a bubble? Because, capital isn't real. It's a fiction. You understand? So, in other words,..."
The Bronze Age Collapse is not treated as a freak disaster.
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