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‘Self-termination is most likely’: the history and future of societal collapse
(www.theguardian.com)
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I understand the nub of your gist, but historically, the net result of this is a new generation of oligarchs.
After a time new "elites" will worm their way into power, sure, but in the meantime things are often better, and things may even end up less bad at the next 'peak' of elitist control than the last time. Since it's currently getting worse by the day, it doesn't seem as though the normal calculus of "don't risk collapse to fix imperfection" really applies; we seem to be heading for collapse (whether economic, democratic, or otherwise) anyways.
Taxation?
How about
Bees?
Alcohol, Teslas and Lakes?