History rhymes.
“The central factor contributing to the collapse of the Soviet Union was the unsustainable amount of money it spent on the national security state.”
https://open.substack.com/pub/johnrobb/p/the-collapse-of-complex-nations
Discussion
Joseph Tainter’s ‘The Collapse of Complex Societies’ addresses this thesis in detail.
Overall diminishing returns from an ever-growing bloated military industrial complex will inevitably collapse under its own weight.
How a collapse will unfold with over 8 billion people linked via a globally centralized digital economy should be of great concern to all; a ‘Great Taking’ of epic proportions.
Let us hope Bitcoin adoption decentralizes stores of value before the ship goes down.