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The Liberals\Left\Socialists\Communists can only rule when there is surplus that subsidizes their abstract universe.
Their policies inevitably eat the seed corn til there is nothing but misery left.
1. 1. Surplus declines.
2. 2. The Left fades.
3. 3. The pragmatic capitalism ascends.
4. 4. Results matter.
5. 5. Surplus increases.
6. 6. Envy is stoked.
7. 7. The Left ascends.
8. 8. The Left Rules.
Repeat Step 1 yet one more time.
We are at 7.9 right now. It will be very painful for the next century or so. Very painful until #3 begins anew.