Sublime

The prospect of another financial crash is serious enough to place it alongside internal conflict and external conflict as a social stressor important enough to influence the outcome of the Millennial Crisis.

This coalition will demand, as is normally the case, a shift in the distribution of power and wealth, but in doing so will be redefining once again the social landscape of America.

The institutional shift will weaken the credibility of the technocracy heading into the 2028 election.

Though Peter Turchin is working on it. See his monograph War and Peace and War. Then look at Ray Dalio’s Principles for a Changing World Order, Strauss and Howe’s The Fourth

The Productivity Paradox

America has come to embody the most extreme expression of progressive linearism.

The crisis is this: institutions built on expertise are no longer working.

Australia is a house of cards. We are confident the bubble will burst and that it will be spectacular, but we do not know what will provide the spark. This brings us back to our fingers of instability metaphor we introduced in Chapter 2: We know it takes only one grain of sand to trigger the avalanche; we just don’t know which one.

In retrospect, the evidence pointing to the 2016 election as the first regeneracy of the Millennial Crisis seems unmistakable.