““If you were born in 1950 and were in the top ten percent, everything got better for twenty years automatically. Then, after the late sixties, you went to a good grad school, and you got a good job on Wall Street in the late seventies, and then you hit the boom. Your story has been one of incredible, unrelenting progress for sixty years. Most people who are sixty years old in the U.S.—not their story at all.” The establishment had been coasting for a long time and was out of answers. Its failure pointed to new directions, maybe Marxist, maybe libertarian, along a volatile trajectory that it could no longer control.””
