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Economic history has been dominated by basics: growing food & fuel, mating & child rearing, fighting wars, clothing & shelter, worrying about afterlife. Occasionally there have been major agricultural surpluses, which have been spent in a bizarre variety of ways (thread) /1
Agricultural surpluses have been spent on military parades, crown jewels, tall cathedrals, vast priesthoods, gigantic tombs, arrays of monoliths, treasure fleets, moon shots, & a dizzying variety of other things. /2
![Anita [hating Fiat] CryptBerg](https://pbs.twimg.com/profile_images/1123838975691632640/BbeDLzkb_normal.jpg)
These seem like irrational bubbles, yet in many cases persisted for or recurred across centuries or millennia. We moderns seem to be trending towards competitions for scholastic credentials & efforts at longer & healthier lives, each of which appeal to insatiable needs. /3
Almost any way developed countries spend our titanic industrial surpluses will be epic frivolity by historical standards, whether it be sprawling regulatory & scholastic priesthoods or a “service economy” where mobile servants wait on the tables of secular priests & investors. /4
There are no solid standards of historical precedent or economic rationality that can help us much in predicting which forms of frivolity will dominate, rather they point to the optionality & unpredictability among a vast universe of choices. /5
How did Egyptians come up with a huge surplus for them pyramids living in the desert? xD
Irrigation from the big & nutrient-rich Nile River.
Without the annual flooding of the Nile, there’s no Egyptian civilisation. Even to this day, the majority of the population lives along the Nile or the Nile delta.
And now will be spent on the cherished wall...?
Fairly cheap compared to entitlement spending.
I think @BretWeinstein has some interesting things to say about this very phenomenon
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