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A Huge Outpouring of Human Misery (w/ Peter Turchin)

Uncertain Things

00:00

The Wealth Pump and the Wealth Pump

The overall life expectancy of Americans has been declining since 2017. So we have overproduction of the wealthy people, growing discontent amongst the general population. And third thing is that now people more ambitious and active people want to escape this immiseration. That's why you had a huge demand for education, especially for advanced degrees. All these three factors have been operating. I don't see any signs that these trends have stopped.

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