“YOU LEARNED ABOUT this period in high school: The standardized global curriculum calls for a month focused on it. Those decades just before the establishment of Shareholder Government, when we brought ourselves to the verge of a global breakdown. The system of economic interdependence created after World War II and reinforced after the Cold War had succeeded, more or less, in its original goal: keeping countries’ fortunes so intertwined that they could no longer afford major wars. Other benefits emerged as well. Fewer people were poor than ever before. Fewer infants died, fewer mothers. More children were enrolled in school, more young adults in universities. So many people in once-poor countries—China, India—were becoming rich that inequality between countries had fallen for the first time since the 1820s. This would seem like a positive development. But then why, the question had emerged forcefully at the turn of the twenty-first century, did people seem so upset, so convinced that the whole setup was bad for them? It had to do, it turned out, with fast-growing inequality within countries. If you were an Indian citizen who wasn’t among the newly rich, you weren’t gladdened by your countrymen’s suddenly acquired wealth. If you were an American or European who had always been poor, learning that children of Chinese peasants were becoming billionaires didn’t charm you. The defining sentiment of this late capitalist period was disaffection, and it began to take alarming forms. Mass murders became so frequent that they no longer trended on Social. Sure, you could go through the exercise of psychoanalyzing each killer in an attempt to classify him, as they used to, terrorist or psychopath, but what good did that do at this scale? The only useful conclusion was the broadest one, which was that the world order itself was making people murderous. But then, the politicians most equipped to address the unrest were those least invested in ending it. Race-baiting nationalists from oligarchical families began winning elections all over the world. It was the oldest trick around, promising the poor members of your own ethnic group that you’d help them become as rich as yourself, in large part by making sure that the poor members of other ethnic groups stopped stealing your group’s opportunities, thus dividing the poor so that they wouldn’t rise up together against the rich.”