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One of my favorite quotes is particularly apt here and, as for Arnold, gives me cause for hope if not optimism: "You can ignore reality, but you cannot ignore the consequences of ignoring reality." - Ayn Rand

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This is incredibly similar to a recent short book by Andrew Potter that you might enjoy, if that's the word. It's called "On Decline: Stagnation, Nostalgia, and Why Every Year is the Worst One Ever"

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My theory is brutal- societies die off because they become too stupid to survive. We are too stupid to survive.

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