Part 5/7:
Despite the strange allure of new money, it does not guarantee economic health. The soaring number of new millionaires is alarming when viewed through the lens of historical socio-economic cycles. According to social cycle theory, societies often experience moments of prosperity followed by decline and potential collapse, marking distinct periods in history.
The American socio-economic environment appears to be at a tipping point. There is a striking resemblance to past civilizations confronting systemic issues—food scarcity, civil unrest, and competition among elites—historically predating collapses. The disparity in wealth distribution is stark. The top 20% of Americans hold over 80% of the nation's wealth, whereas the middle and lower classes struggle to make ends meet.