I feel a need to call a flag on the play. I came across this steaming pile of an article the other day and laughed out loud. “Midwestern levees are bursting. Polar bears are adrift. Gas prices are skyrocketing. Home values are abysmal. Air fares, college tuition, and healthcare border on unaffordable. Wars without end rage….” Yadda yadda yadda. They forgot killer bees and a new global ice age. The authors go to great lengths to beclown themselves. I have so many literal problems with this piece and conceptual problems with what they’re pushing that I don’t know where to begin.
We’ll just skip the literal issues with the piece and slap the conceptual a bit. Why don’t they just get it over with and plaster WE’RE ALL GONNA DIE! in 68 size font. This is the angle behind just about everything that gets shoved in front of us these days. I’ve been harboring the hypothesis for some time that we’re going to look back a generation from now on the ’00 decade and cringe. No context, no insight, just a big pack of people bouncing from panic to panic. There is no mistaking that we’ve got some large issues in front of us. But this has always been the case and will always be the case. I think a short trip down memory lane is in order to provide some scope. Let’s journey all the way back to the mid 1970’s.
Athena was a precocious pre-teen. I was a paste-eating elementary school nose picker. The price of gas was irrelevant because it was hard to come by. What gas there was had lead in it so it was only a matter of time before it killed you. The president had been self-deposed over criminal doings to get re-elected. The vice president had done a perp walk in ’73. America had just finished laying 58,000 servicemen in the ground over the previous decade. The Khmer Rouge slaughtered upwards of 2 million people (out of 7 million in the country) and nobody lifted a finger. An earthquake in Tangshan, China, killed over 200,000 people in July of 1976. Earlier that year another quake killed 23,000 in Guatemala. Somewhere around 200,000 people died when Typhoon Nina hit China in 1975. Over a 24 hour period in April of 1974 148 tornadoes struck 13 states, killing over 300 people & doing a few billion dollars in damage. Millions of troops were still squared off in Eastern Europe, backed by nuclear, biological, and chemical weapons, 30 years after the end of a war that nobody called a quagmire. Speaking of nuclear weapons, tens of thousands of them were poised to launch on warning. (“Guaranteed to end civilization in 30 minutes or less or your money back.”) Over 30,000 troops remained in Korea on war footing over 20 years after the shooting stopped in war that is still officially under way. Curiously, nobody’s called that one a quagmire either. Food shortages were very real, and the world’s three largest countries couldn’t feed themselves through domestic production. Paul Ehrlich was trying to convince us we’d all die via the population bomb. While we were waiting to starve to death we’d freeze to death because the new ice age was galloping towards us. Oh, and the Fed had interest rates in the teens.
Ares
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