Carroll Quigley, Tragedy and Hope, Too Big To Fail, Mutually Assured Destruction

I saw it first on Beck, and have seen a few blog posts about it. If it is in place, the way I understand it, it explains a lot of the behavior we've seen. Institutions (and their states) would have no reason to not go into unsustainable debt. You could fight unilateral wars of aggression and pay for it on someone else's dime. You could throw party after party and let someone else pick up the tab. It works until it doesn't - when enough prisoners (as in prisoners dilemma) defect and you get Cloward and Pivens on a global scale. Except, IMO, Cloward and Pivens seem to have concluded that more socialism would occur after the reset, when I see more capitalism as the only logical choice.