I keep thinking that living in today’s world is akin to someone holding on for dear life to an aircraft they somehow got outside of, but it’s about to crash anyway. People are on edge. Societies are bending before the strain of a whole raft of factors topped by a virus that, alas, won’t go away in a hurry.
More crucially, the globally botched economic response to that virus – in which one nation after another mistook the early lockdowns for an economic supply shock – is about to trigger the long-delayed super-depression. This has been coming ever since western governments tried to buy their way out of the General Financial Crisis, a dozen years ago, but failed to engage the reasons why that crisis happened in the first place. And there is only a certain distance that this particular can of worms can be kicked further up the road.
It’s an insidious mix. The social inequities that have been growing in many major nations over the past couple of generations have reached breaking point. Beset with a virus, with increasing economic strain, and with an entrenched corporate elite that cannot be dislodged, it seems an ever-larger number of people are turning to social media and the certainties of polemic. When – not if, but when – the house-of-cards created by neo-liberalism collapses, what then? And that’s without considering the current war in Europe, which shows no sign of ending any time soon and might well get worse.
All I can see at the end is social breakdown and ruin, likely globally. And, quite possibly, soon. I hope I’m wrong, but this kind of thing has happened before, and it doesn’t end well. History doesn’t repeat, but human nature never changes, and therein is the problem.
Copyright © Matthew Wright 2022