> What's really happening, I suspect, is that we're living in a time of great change where all existing institutions are steadily decaying and eventually collapsing.
I'll add to that that finally the law of compound interest seems to have reached its limits, the same as Moore's law. Capitalism has been riding on its tails for the last 200 years or so, but IMHO we're in new territory right now where the good and steady returns are no-where to be found anymore.
The 10-year treasuries have stood at bellow 3% for 6 years now while the 10-year German bonds have stood at bellow 2% for 5 years. There's a reason for all that. I'd personally consider a "good return" as somth trying to approach double-digits.
I'll add to that that finally the law of compound interest seems to have reached its limits, the same as Moore's law. Capitalism has been riding on its tails for the last 200 years or so, but IMHO we're in new territory right now where the good and steady returns are no-where to be found anymore.