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Looking around the globe today? “Wait! Aren’t we repeating history?” Authoritarianism, nationalism, tribalism,extreme inequality, social breakdown, rising demagoguery? Lessons we should have learned from history: 1-When too much money piles up in too few hands, economies stagnate. Germany was made to pay war reparations for WWI that it simply couldn’t afford — it’s economy was wrecked. Americans are paying the equivalent of reparations, too — call them taxes or fees or hidden costs or shifted costs — only not to another country, but to their mega-rich -- too much money piling up at the top of economies cause the middle classes to flatline, collapse, & shrink. When economies stagnate, the social order -- usually a broad middle class, a tiny number of rich, & a larger number of poor. gets upended when stagnation occurs.2-When the social order breaks, demagogues arise.
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