Real Vision: Finance & Investing Are We Repeating the 1930s? A Global Warning from Victor Schwetz
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Jan 14, 2025 Explore the striking parallels between today's financial landscape and the tumultuous 1930s. Experts discuss extreme inequality and the rise of populism reshaping our crisis culture. Discover the Fujiwara Effect, highlighting disruptive forces ahead of the 2030 singularity. Delve into the transformations of the Information Age and the necessity for state intervention to combat monopolistic power. Global geopolitical tensions and climate challenges are analyzed, alongside the U.S., EU, and China's economic dynamics, hinting at a crucial shift in cooperative frameworks.
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1930s Parallels
- The 1930s, with its technological upheaval and inequality, parallels our current era.
- This comparison helps understand our crisis culture and find solutions to avoid repeating past chaos.
Common Threads
- Commonalities between the 1930s and today include extreme inequality, technological innovation, and financialization.
- These factors, combined with declining trust in institutions, contribute to a crisis culture.
End of History?
- The period between the fall of the Berlin Wall and 9/11 fostered a belief in technocratic solutions and the 'end of history'.
- This illusion shattered as history reasserted itself, leading to a new period of uncertainty.
