The Crisis of the Old Order


The Crisis of the Old Order.

“We have left our collective comfort zone. Ideas and institutions that, on the whole, served well since World War II are under a cloud. The same was true in the 1920s and early 1930s. Then, the world’s leading nations vainly struggled to maintain the gold standard, which — before World War I — had anchored a prosperous economic order. There was a natural impulse to cling to familiar ideas and practices in which people were invested both politically and intellectually. This inertia contributed to the Great Depression’s severity.”

We are not in Kansas anymore.

Advertisements
%d bloggers like this: