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An expert explains how they got out.

An analysis of historical crises over the past 2,000 years offers lessons for avoiding the end times.
Anti-establishment parties and politicians are surging in Western Europe and Japan. In the United States, the MAGA movement, led by President Donald Trump, has seized power. Political violence is rising and by several measures — violent riots, anti-government demonstrations — the US is now experiencing its highest level of social turbulence and political conflict in the last 100 years. What lies ahead? How do we navigate our societies through the turbulent waters without sliding into a bloody civil war?
Our current predicament is not unprecedented. We can learn from how past societies survived through, and ended, their crisis periods.
  • The “wealth pump”
  • Undermining society
  • The long arc of instability
  • What can we learn from history about ending crisis periods?
  • Finding a way out
Interesting, no mention of guillotines.
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The US was in crisis before the New Deal (1933–1938). But the New Deal instituted a broad array of redistributive policies: steeply progressive tax rates, strong labor rights, regulation of finance, large-scale investment in infrastructure and education, and the expansion of social safety nets. These reforms didn’t happen overnight. They were the product of hard-fought political struggles (beginning during the early decades of the twentieth century), often driven by mass movements and reform-minded segments of the elites who recognized that continued extraction risked systemic collapse.
Vox thinks doubling down on government spending and progressive taxation is the solution to the debt crisis. I agree. Give ICE 1,000x its current budget, start doling out subsidies to Bitcoin miners, and set a minimum 100% tax on privileged non-essential pseudobusinesses like Vox.
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