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The less succour they receive from existing political institutions, the more open individual workers are likely to be to radical political institutions that offer the possibility of political expression and economic power

In a very low-wage world, more people will opt out of work. That will inevitably strain the social-safety net; societies will be ever more clearly divided into those who work and pay for social programmes and those who live off them. Societies will face a reckoning: either they will decide that thi…

Baumol's cost disease means that the cost of many critical sectors in an economy tends to rise over time