[T]he cycle of history in genes, polities, economies, and knowledge is the same:
A new opportunity to exploit is discovered by those capable of exploiting it.
The innovators profit from the cooperation of followers.
The followers and those who profit expand in a hierarchy or school until one of the following occurs:
1 – the ‘market’ opportunity is exhausted,
…1.1 – followers who can be incentivised are exhausted,
…1.2 – or increases in profits are exhausted,
…1.3 – or the resources needed to exploit the opportunity are exhausted.
2 – or the institutions of cooperation (the pricing system) is overwhelmed, resulting in hyper-consumption.
3 – or a shock is encountered sufficient that the order cannot restructure while preserving the incentives to maintain the order;
4 – or Disaster, Plague, Famine, and War create a shock that no order can survive.
This is the universal rule of the evolution of orders.