I believe that where we are is a direct consequence of where we’ve been. Context matters. I also believe that the human enterprise unfolds in cycles. Some of these are longer than others.
In my view, these cycles result from the complex interplay between a variety of human factors. These include institutions, ambition, reaction to environmental change, innovation, and memory.
An example of a short-term cycle is the credit cycle that causes recessions about every ten years. These recessions are usually caused by high interest rates and ended by reducing interest rates. Although recession is devastating to some people, it usually doesn’t result in major societal change or collapse.
A example of a longer-term cycle is world conflict. In 1648, the Peace of Westphalia, which ended the Thirty-Years-War, created the modern nation-state. It also ushered in a long period of world peace. This ended with a period of conflict that began with the Seven Years War as nation states fought for preeminence, and ended with the French Revolution and the Napoleonic Wars, which challenged the definition of a nation-state. After Napoleon was defeated at Waterloo in 1815, the Congress of Vienna mostly reestablished the previous system. This period of peace lasted for a century until its contradictions led to the two World Wars. I see these as a continuation of the same struggle, although the players were somewhat different.
In my view, these cycles result from the complex interplay between a variety of human factors. These include institutions, ambition, reaction to environmental change, innovation, and memory.
An example of a short-term cycle is the credit cycle that causes recessions about every ten years. These recessions are usually caused by high interest rates and ended by reducing interest rates. Although recession is devastating to some people, it usually doesn’t result in major societal change or collapse.
A example of a longer-term cycle is world conflict. In 1648, the Peace of Westphalia, which ended the Thirty-Years-War, created the modern nation-state. It also ushered in a long period of world peace. This ended with a period of conflict that began with the Seven Years War as nation states fought for preeminence, and ended with the French Revolution and the Napoleonic Wars, which challenged the definition of a nation-state. After Napoleon was defeated at Waterloo in 1815, the Congress of Vienna mostly reestablished the previous system. This period of peace lasted for a century until its contradictions led to the two World Wars. I see these as a continuation of the same struggle, although the players were somewhat different.
