Thoughtful Money with Adam Taggart Neil Howe: We May Suffer A Collision of Financial, Social & Geo-Political Crises All At Once
Sep 3, 2024
Neil Howe, a prominent demographer and co-author of "The Fourth Turning," shares his insights on the current societal divides and the K-shaped recovery post-COVID. He discusses the growing discontent among millennials and Gen Z as they witness the wealth disparity with older generations. Howe warns of the potential for class and generational warfare, especially with divisive political rhetoric heating up. Drawing from history, he emphasizes the critical need for strong leadership and collective resilience amid looming crises.
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Post-Election Concerns
- Neil Howe expresses concern about the post-election fallout due to extreme polarization.
- He notes mutually exclusive political perspectives threaten democracy's functionality.
Historical Parallels
- The current fear-driven election, with high voter participation, mirrors the 1850s and 1930s.
- These periods saw intense polarization and the emergence of third parties disrupting the political landscape.
Fourth Turning Framework
- The 'Fourth Turning' describes generational cycles of societal change.
- These cycles involve shifts in social mood, civic constitutions, and infrastructure.
