All of the above, and the oil price, plus ... ... Rent-seeking administrative bureaucracies, which seriously dilute the effectiveness of education, healthcare,

All of the above, and the oil price, plus ... ... Rent-seeking administrative bureaucracies, which seriously dilute the effectiveness of education, healthcare, government, town planning, infrasfucture investment ... everything. The trends for admin in universities and hospitals is literally off-the-charts exponential. Nothing exponential lasts forever. Baby-Boomers will all die, eventually, but I hope their parasitic hippie socialism dies with them.