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Hmm - "Barring reforms not yet visible or known, the system would appear to be evolving more into a decaying feudal order than providing the basis for an affluent society with social mobility." Wishful thinking aside about actually working out a political solution, or some other solution emerging out of the workings of markets, or out of a "post-scarcity mentality", I've got to say I suspect that's where we are indeed headed.
What do you thin