"Regular Economic Cycles" by Dr Ravi Batra is an interesting read. As I understood it there are 4 repeating cycles spanning hundreds of years through history.
First Anarchy where there is no central government
Second Military where armies dominate and enforce rule
Third Religion where religious organizations gain power and have a Central Government under the protection of armed forces
Fourth Acquisitors who amass fortunes under the protection of Central Governments and end up causing
Anarchy through greed
J.P.Morgan when he died was worth the equivalent of hundreds of billions of dollars and represented the zenith of the Acquisitors cycle. So we have a slow slide towards anarchy which aligns with your post @dub
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"Regular Economic Cycles" by Dr Ravi Batra is an interesting...
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