As bloody as the world wars were, they weren’t particularly bad by historical standards. The 17th century was uniquely bad for 2nd millennium AD, with Little Ice Age & glut of specie leading to state collapses & population decline across Eurasia.

Falls of Rome & Tang in 1st millennium were worse, but at least they were recorded. Records of the even worse Bronze Age Collapse around 1200 BC barely survived for some areas, & for other regions all we have are archaeological indications that they regressed to the stone age. https://t.co/yK7RTJuQw3
Further back in the 3rd millennium BC, an even worse series of catastrophes occurred - the Indo-European invasions - ending the Megalith Builder Civilization with their urban settlements & leaving much of Europe depopulated for 600 years. https://t.co/6MY752hjXN
By the time of their destruction the Megalith Builders themselves had been in a centuries long decline from their Golden Age in late 5th & early 4th millennium. Their great realms had likely disintegrated around 3500 BC into smaller chiefdoms engaging in endemic warfare. https://t.co/gjaA5fziBZ
The Megalith Builders themselves were the result of WHG chieftains overthrowing the decadent EEF chiefs like those of the Linear Ceramics around 4400 BC & subjugating an 1800 year old neolithic civilization. Possibly related to spread of copper-working. https://t.co/d4SzdRo7gD
The EEFs had settled Europe after the worst catastrophes following the Last Ice Age - the Storegga Slides. A continental shelf collapsed & resulting tsunamis drowned an entire landmass (Doggerland) while floods elsewhere in Europe devastated WHG communities. https://t.co/lfxaKYijEL
The mother civilization collapsed around 8300 BC & only began to recover 800 years later. https://t.co/zk8liJRfdk
There were probably civilizations before civilization that fell but never rose again. https://t.co/qNb4LuAjD7
While mankind does fall, stagnant, & decline - the trend in the long term is progress. Even our declines & falls are getting less worse with every cycle.

More from Economy

It's always been detached, and it's always made the real economy worse.

[THREAD] 1/10


What is profit? It's excess labor.

You and your coworkers make a chair. Your boss sells that chair for more than he pays for the production of that chair and pockets the extra money.

So he pays you less than what he should and calls the unpaid labor he took "profit." 2/10

Well, the stock market adds a layer to that.

So now, when you work, it isn't just your boss that is siphoning off your excess labor but it is also all the shareholders.

There's a whole class of people who now rely on you to produce those chairs without fair compensation. 3/10

And in order to support these people, you and your coworkers need to up your productivity. More hours etc.

But Wall Street demands endless growth in order to keep the game going, so that's not enough.

So as your productivity increases, your relative wages suffer. 4/10

Not because the goods don't have value or because your labor is worth less. Often it's actually worth more because you've had to become incredibly productive in order to keep your job.

No, your wages suffer because there are so many people who need to profit from your work. 5/10

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