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that archetypical cycle typically takes 100 years, give or take a lot. Within each cycle there are similar, smaller cycles. For example, there is a short-term debt cycle that leads to bubbles and recessions that come along roughly every eight years, there are political cycles that move political control between the right and the left that come along with roughly equal frequency, etc. Every country is now going through them, and many of them are in different stages.
Principles for Dealing with the Changing World Order: Why Nations Succeed and Fail
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