“Adam Smith said of successful nations that they have a lot of “ruin” in them. He meant that a dissolute, leisured, and ahistorical generation has to waste a lot of its generous inherited wealth before it runs out.
We are learning how much will soon be left of what our ancestors bequeathed. And the rest of the world is watching—some with glee, others with horror.”
Victor Davis Hanson, “How Much Ruin Do We Have Left?” Epoch Times, 4/22/2021.