Friday, December 4, 2020

Tag: The Dynamics of Decadence

The Dynamics of Decadence

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by Charles Hugh Smith, Of Two Minds:

In the present era of decadence, Universal Basic Income (UBI) is the modern equivalent of Bread and Circuses.

The dynamics of decadence are easy to understand: as affluence becomes the norm that is widely assumed to be permanent, shared purpose and sacrifice for the common good is replaced by self-absorbed decadence and an ethos of maximizing personal gain.

In his seminal essay The Fate of Empires, Sir John Glubb listed these core dynamics of imperial decline:

(a) A growing love of money as an end in itself.