That is the process that we are living through at the moment. The Reagan era has reached its limits and can’t sustain the economy. The failure is in the process of creating a new set of competing social classes. This is reflected in the intensifying political crisis of the Trump presidency, in which the new social forces begin battling each other. This crisis will last through to the 2020s. In 2024, a new president will emerge who represents the values of the declining era. The failure of his presidency will bring to power the rising class who will impose a new economic orthodoxy. And finally,
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