I think the thing that is different this time is how quickly wealthy inequality reasserted itself in the decades after the compression during WWII. Capital accumulates so much more quickly in modern financial markets.
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This is true, but note that of the four horsemen, social revolution is the only one that is not *necessarily* catastrophic. This is the best book I've read on what does happen. https://www.amazon.com/Great-Wave-Revolutions-Rhythm-History/dp/019512121X/ref=asc_df_019512121X/?tag=hyprod-20&linkCode=df0&hvadid=312143020546&hvpos=1o1&hvnetw=g&hvrand=17315714997555641415&hvpone=&hvptwo=&hvqmt=&hvdev=m&hvdvcmdl=&hvlocint=&hvlocphy=9032027&hvtargid=pla-493259109018&psc=1 …
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Fischer's thesis is that each revolutionary stage of the cycle has two features, violence and social change. And each revolution differs from its predacessors by (a) involving less violence and (b) producing greater social change.
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