constant entanglement under the guise of management cannot be sustained.

In this way, the military gained the technology it needed to fight the Cold War. Scientists and other scholars had the opportunity to pursue research they otherwise could not have done. Corporations received government contracts and the opportunity to repurpose technology for the public. Yet it was the government that shaped the evolution of

and those who will be falling into the abyss are not a small marginal class but a large, multiracial, multiethnic class containing equal numbers of women and men.

The financial problem that will frame the sixth cycle is a surplus of money in the economic system and its distribution. The surplus arose from the success of the fifth cycle and the maturation of the microchip economy. As I’ve mentioned several times, the big issue is lots of available money and not enough opportunities to invest in things that

Political passion rests on believing that it matters. In the 2020s, regardless of whether President Trump is reelected, indifference coupled with cynicism will dominate.

1945, emerging from World War II, and dramatically expanded the authority of the federal government not only over states but over the economy and society as a whole.

Therefore, as in all social fears, there will be an increasing belief in the coming decade that the federal government is in the hands of conspirators. Such a conspiracy was unthinkable in the two prior institutional cycles, because federal power was simply not that vast. But in the 2020s the image of the federal government will make deliberate

There were federal agencies responsible for managing the economy. The entire range of the subprime mortgages had federal involvement, but the federal agencies did not work with each other. Had they done so, the problem would have become apparent. But experts in buying mortgages from banks at Fannie Mae, experts in white-collar crime at the FBI,

other words, she won the heartland of the technocracy and lost the heartland of the country—the