On October 29th, 1929, Wall Street was shocked by a complete collapse of prices on the stock market. The plunge continued for a full month, and thus began the world-wide Great Depression.
This directly led to the rise of extremism throughout Europe, with fascist groups taking over in Spain, Germany, and Italy. It also was responsible for the military coup that took control of Japan.
The rise of extremism in various countries eventually resulted in World War II.
Now we have the so-called "Great Recession". It certainly has created a great deal of unrest, some of which is dangerously reminiscent of the past. Jose Manuel Barroso, President of the European Commission, gave a very stark warning about the potential for the democracies of Greece, Spain, and Portugal to collapse under the current economic strain.
Revolution can occur when people lose faith in their government. Kinda like what happened in Okaloosa County, Florida. The county commissioners voted to take action without regard to the red-tape filled chain of command that exists through state and federal governments. They're saying that the government isn't working; it is neither efficient nor effective for their needs. And they're willing to go to jail, if that's what it takes.
I wonder if this isn't an isolated case. It certainly seems like a lot of people, all around the world, are fed up with what they see as government that just doesn't work.
May we live in interesting times, indeed.
Jim Carrey parodies Matthew McConaughey Lincoln ads
10 years ago
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