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History repeats itself. That's bad news for the 2020s

imageWhen there are too many elites in a society, competition for power makes existing problems worse.Francisco Goya / Wikimedia

What will happen in the 2020s? If history is any guide (and there’s good reason to think it is), the outlook isn’t great.

Here are some big-picture predictions: stagnant real wages, faltering standard of living for...

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