Higgenbotham wrote:I think the reason these [aforementioned] things are true [regarding post-WWII bailouts, derivatives, etc.] is that this entire saeculum has been a long 80 year Unraveling. Within the huge Unraveling have existed the generational sub periods that are normally thought of. I believe the next saeculum has the potential to be a long 60-80 year crisis period. Cycles within cycles in other words, also discussed by others in other forums.
This may well be the case. In merging Strauss & Howe (and Xenakis) with Alvin Toffler (of Future Shock
and The Third Wave
fame), our recent, current, and near-future generational saecula/turnings have likely intersected, and promise to intersect, in startling ways relating to Western society's transition from a modern to a postmodern society. Part of this transition seems to emanate from a postwar, human-liberation and
manifest-destiny entitlement philosophy in that we are really entitled to have all of our cake and eat it, too — and spend and use resources, financial and otherwise, almost without limits. (This applies to liberals and
conservatives, and libertarians and statists as well.) In our present Fourth Turning, we are heroically doing an amazing job so far of keeping most of the dike from breaking, so to speak, by using almost every financial trick available to us, despite the mega-bubble and concomitant pending crisis being created in doing so. The 21st century may well be a trying exercise in our trying to match available resources with sustainability before we can really successfully match collective human satisfaction with sustainability, so to speak. Thanks, Higgie, for sharing! —Best regards, Marc