Can too many brainy people be a dangerous thing?
The idea that there is some sort of magic cycle that links 1870s to 2020 is patent nonsense. No cycle could survive the technological and political disruptions of the last hundred years. The current problem is the same old one where available real resources are growing more slowly than the population. If real stuff is becoming available faster than the population, we have golden ages. When population grows faster than stuff, the walls fall in and people start fighting each other.<p>It would really be in the best interests of everyone if some of the infighting would stop and people start looking for ways to increase general prosperity by creating more instead of coming up with clever justifications about why we have to take stuff away from people who have it.<p>And fire all the bankers. They aren&#x27;t fulfilling their part of the social contract and investing in improving the future. We found that out in 2007 and the situation will keep getting worse until incompetent financiers start losing money.