Sublime

The result is a self-fulfilling prophecy: the less government does, the less it takes risks and manages, the less capacity it develops and the more boring it is to work for.

investment goods, people tend to err on the side of doing too little.

functions. As inequality has widened, the means America once used to temper it—progressive income taxes, good public schools, trade unions that bargain for higher wages—have eroded. As the risks of sudden loss

Weakened by the challenge from technology, the state will treat increasingly autonomous individuals, its former citizens, with the same range of ruthlessness and diplomacy it has heretofore displayed in its dealing with other governments.

any genuine upsurge in opportunity is almost inevitably bound to lead to at least a brief surge in inequality.

Merit, wherever it arises, will be rewarded as never before. In an environment where the greatest source of wealth will be the ideas you have in your head rather than physical capital alone, anyone who thinks clearly will potentially be rich.

VESTED INTERESTS