This is such a poorly thought out essay I'm surprised to see it here. No citations to previous historians,m thinkers, philosophers, etc. until we get to Marx. A

This is such a poorly thought out essay I'm surprised to see it here. No citations to previous historians,m thinkers, philosophers, etc. until we get to Marx. And then this beauty: > The less employers pay out in wages, the fewer consumers there will be for their products. This fundamental contradiction means there is a ticking countdown clock built into the capitalist system of production. Yeah, because the people who lose their jobs to technology just sit there and never recover? No, luddite, new work is discovered. Technology boosts productivity. > Top tax brackets were taxed at 95% during this period, which many Americans identify as a Golden Age. WW2 had to be paid for. Let's avoid that again. There was a long period when we had little to no Federal income tax. > The monetization of this debt, euphemistically referred to as “Quantitative Easing”, has been going on ever since No it has stopped. I love that the premise of this essay is in 100BC Rome had wealth inequality and it collapsed 500 years later. Yeah, imminent. > The passage of old systems into the dustbin of history is a normal part of the millennia-long trend of gradual improvement that characterizes the human story. It’s inevitable. LOL. I'm happy I didn't have a sip of tea in my mouth as it would be all over my screen right now. > The central idea behind this System Failure newsletter is that we could have the kind of revolution were there is dancing in the streets and the cafes are open all night. Yeah, so romantic. You mean the kind where millions of people suffer. This essay, I can't believe it, was written but a human adult. This would be C level work in a Sophomore high school class. This person really needs to read a lot more philosophy and history and maybe layoff the Marx as clairvoyant thing. Especially when his main thing was shown empirically to be completely wrong.