The 50-Year Economic Collapse That Created Socialism Is Happening Again Right Now

The gist

1. Prices rising faster than wages is the real danger, not inequality itself, because it's what historically triggers social upheaval.
2. A K-shaped economy forms when a small group masters new technology like AI while most workers' skills become obsolete or devalued.
3. Priestley says breaking up monopolies works better than raising taxes above roughly 40%, because high rates push productive people to restructure wealth abroad.
4. Ending the last such pause required three things: wider ownership of assets, mass reskilling, and competitive capitalism that rewards productivity.