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Macrofauna's avatar

Fascinating post!

In Footnote 3, "The elites of the early 20th century did not manage to protect their own from the social engineering they enacted." sounds like a phenomenon I've seen elsewhere, but I don't have a clear definition of it. The Motte (an ex-reddit) called it 'generational loss of hypocrisy' and Auster used 'eliminating the unprincipled exception' for something similar. One generation knows not to do the Thing but is covert about the reason, the next generation is raised and taught not to do the Thing but grows up without the reason, and the third generation abandons the tradition and does the Thing. The elites of the early 20th century might have protected their own children, but couldn't transmit the protection *mechanism* for their grandchildren, and their great-grandchildren ended up believing the propaganda and the social engineering that the original elites used to get everyone else in.

Am I making sense? Is there a better name for this, or a more precise definition?

Neural Foundry's avatar

Exceptional synthesis. The Debtor's Revolt framing explains so much abou the pyramid scheme thinking that's become normalized. I've been puzzled by how obviously bankrupt institutions just keep getting bailouts, but the insight about correlated stupid decisions creating too-big-to-fail solidarity makes it click. The part about sovereign vs managerial power also helped me understand something kinda personal.

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