The Era of Impact | John Michael Greer

[Tace]

May 20, 2015 (Archdruid Report) -- Of all the wistful superstitions that cluster around the concept of the future in contemporary popular culture, the most enduring has to be the notion that somehow, sooner or later, something will happen to shake the majority out of its complacency and get it to take seriously the crisis of our age.

Week after week, I field comments and emails that presuppose that belief. People want to know how soon I think the shock of awakening will finally hit, or wonder whether this or that event will do the trick, or simply insist that the moment has to come sooner or later.

To all such inquiries and expostulations I have no scrap of comfort to offer. Quite the contrary, what history shows is that a sudden awakening to the realities of a difficult situation is far and away the least likely result of what I’ve called the era of impact, the second of the five stages of collapse. (The first, for those who missed last week’s post, is the era of pretense; the remaining three, which will be covered in the coming weeks, are the eras of response, breakdown, and dissolution.)

The era of impact is the point at which it becomes clear to most people that something has gone wrong with the most basic narratives of a society -- not just a little bit wrong, in the sort of way that requires a little tinkering here and there, but really, massively, spectacularly wrong. It arrives when an asset class that was supposed to keep rising in price forever stops rising, does its Wile E. Coyote moment of hang time, and then drops like a stone. It shows up when an apparently entrenched political system, bristling with soldiers and secret police, implodes in a matter of days or weeks and is replaced by a provisional government whose leaders look just as stunned as everyone else. It comes whenever a state of affairs that was assumed to be permanent runs into serious trouble -- but somehow it never seems to succeed in getting people to notice just how temporary that state of affairs always was.

Since history is the best guide we’ve got to how such events work out in the real world, I want to take a couple of examples of the kind just outlined and explore them in a little more detail. The stock market bubble of the 1920s makes a good case study on a relatively small scale. In the years leading up to the crash of 1929, stock values in the U.S. stock market quietly disconnected themselves from the economic fundamentals and began what was, for the time, an epic climb into la-la land. There were important if unmentionable reasons for that airy detachment from reality; the most significant was the increasingly distorted distribution of income in 1920s America, which put more and more of the national wealth in the hands of fewer and fewer people and thus gutted the national economy.

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http://worldnewstrust.com/the-era-of-impact-john-michael-greer

[merrily]

1. Bubbles. Tulips, hunting for treasure (aka exploration), real estate, etc.

Bubbles can be huge and attractive, even mesmerizing, but they don't last forever.

[Lindsay]

2. My favorite bit was this:

We’ve reached the point that state governments are making it a crime to report on water quality and forbidding officials from using such unwelcome phrases as “climate change.” That’s not the action of people who are confident in their beliefs; it’s the action of a bunch of overgrown children frantically clenching their eyes shut, stuffing their fingers in their ears, and shouting “La, la, la, I can’t hear you.”

This cannot end well.

[hedda_foil]

3. Nobody puts it together as well as JMG. nt

[Doctor_J]

4. this is an outstanding article

Rec