Re:Estonia clocks fastest inflation in the Eurozone at 20.1 ...
by capdeck on Wednesday June 08, 2022 @11:37AM
(#31668950)
They say 2 generations need to pass between large wars reoccurrence on the planet. 1st generation that largely participated in the war will never do it again, whatever the cost. 2nd generation gets very strong message from 1st generation about true horrors of war, so it is much more careful. 3rd generation looses that direct connection and feedback from veterans, grandfathers, etc... so naturally they think of war as something that is minor inconvenience at best... And through the ignorance of 3rd generation - here we come. 80 years have passed since the last world war. Sadly, our time is up.
So much of modern political history is taking the economic gains for granted and assuming they will stay consistent (or only be a minor inconvenience) despite an endless march of downward pressure on many of the things that made us productive and progress.
For a long time the only thing that has masked it is the gains from globalization (even though the a big percentage of the returns often only went to megacorps and the well connected). But that will either reach its limits or conflicts will disrupt it. Then we see the costs of crippling of industries, getting rid knowledge, or misalign incentives.