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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
"Regulatory Priesthood" .... these two words .... explain so much.
I can’t tell you how much I appreciate your musings, they always place the quality of thoughts and flow of meaning before pushing any belief/agenda. So rare 
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