03-12-2020, 05:05 PM
(This post was last modified: 03-12-2020, 05:10 PM by Increase Mather.)
With the market meltdown going on this week, I've been spending way too much time watching CNBC. COVID-19 really has everyone running wild. You've got Jim Cramer and his underlings quoting FDR all day, demanding that Big Daddy Government take action to save us. No matter where you sit on the subject of Keynesian Interventionism, this is pretty striking.
Then there's the breakdown in the former OPEC-Russia alliance, causing oil prices to tank. Muhammed bin Salman and Vladimir Putin were bestest buddies until very recently, now they're bitter enemies. You have to think that again, is is these "extordinary times" that prompted the change.
Is the Fourth Turning in full swing now, or what? The overreaction to this crisis, imho, will ultimately save lives, but lose many their livelihoods.
It's the exact inverse of what most governments did during the (Third Turning) 1918 Pandemic, which was worse than this one in terms of mortality rates. There was a world war going on at the time, so no government or media mouthpiece would admit weakness, thereby giving aid and comfort to the enemy.
The only country that did admit what was going on was neutral Spain, so of course the disease came to be called "Spanish Flu".
For Strauss and Howe scholars, it's hard to imagine a situation that illustrates the generational theory more readily. COVID-19 has become a full-blown crisis because society is in the mood to MAKE it a crisis.
Then there's the breakdown in the former OPEC-Russia alliance, causing oil prices to tank. Muhammed bin Salman and Vladimir Putin were bestest buddies until very recently, now they're bitter enemies. You have to think that again, is is these "extordinary times" that prompted the change.
Is the Fourth Turning in full swing now, or what? The overreaction to this crisis, imho, will ultimately save lives, but lose many their livelihoods.
It's the exact inverse of what most governments did during the (Third Turning) 1918 Pandemic, which was worse than this one in terms of mortality rates. There was a world war going on at the time, so no government or media mouthpiece would admit weakness, thereby giving aid and comfort to the enemy.
The only country that did admit what was going on was neutral Spain, so of course the disease came to be called "Spanish Flu".
For Strauss and Howe scholars, it's hard to imagine a situation that illustrates the generational theory more readily. COVID-19 has become a full-blown crisis because society is in the mood to MAKE it a crisis.