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History Suggests That Entitlement Era Is Winding Down

johnm h Wrote: Jan 14, 2013 10:18 AM
Predictions are difficult, especially about the future as an econometric text reminded me some 40 years ago. Yes the welfare state will end and most giant corporations are passe, largely sustained by tax, regulations and laws and their own influence on Washington. New technologies allow smaller more creative more competitive business and these can be enhanced by freedom under the rule of law. But the default position is centralization, plutocracy and ultimately total corruption. it may not be this country that reaps the future. Nor any other country for that matter. It was a golden age and like Greece, then Rome we may never come back.
It's often good fun and sometimes revealing to divide American history into distinct periods of uniform length. In working on my forthcoming book on American migrations, internal and immigrant, it occurred to me that you could do this using the American-sounding interval of 76 years, just a few years more than the Biblical lifespan of three score and 10.

It was 76 years from Washington's First Inaugural in 1789 to Lincoln's Second Inaugural in 1865. It was 76 years from the surrender at Appomattox Courthouse in 1865 to the attack at Pearl Harbor in 1941.

Going backward, it was 76 years...