Neil Howe: Expect Creative Destruction In This Fourth Turning

Authored by Adam Taggart via PeakProsperity.com,m

Neil Howe, demographer and co-authour of the book The Fourth Turning, returns to the podcast this week. In our prior interviews with him, we’ve explored his study of generational cycles (“turnings”) in America which reveal predictable social trends that recur throughout history and invariably result in transformational crisis (a “fourth turning”).

Fourth turnings are characterized by a growing demand for social order, yet supply of it remains weak. The emergence of the surveillance state, a perpetual war machine, increased intervention in failing markets by the central planners, greater government control of critical systems like health care and the Internet — all of these are classic fourth turning signs of the desperation authorities exert as they lose control.

History shows time and time again that such overreach ends in rejection of the current order, usually via violent revolution.

Now that we’re roughly halfway through the current Fourth Turning and things have really started to unravel here in 2020, we’ve asked Neil back on the program to update us on what to expect next:

During times of peace and prosperity, inequality over time always increases. It always increases. There are only four things which reduced inequality through history: total war, total revolution, famines, and plagues.

You have this weird situation in America now the where interest rates are practically 0% and almost no one is doing any investing. How do you explain such high returns on existing capital with 0% interest rates, and yet no one’s using those low interest rates? Because new creators of business can’t get the same high returns as the incumbents. That’s the reason.

So we have a bifurcated market and I think that this is what has to be broken down. The fourth turning is to some extent an act of creative destruction. It destroys as much as it creates. We saw that in the 1930s. We saw that in the 1940s which, by the way, was a period of huge shift from inequality to equality in America.

But I do think there’s a broader point about inequality and this is point about creative destruction. There has to be some destruction in there. You have to destroy the privileges. You have to destroy the sinecures — and that’s never pleasant. But it’s part of the process.

I’ve often told people — if they expect to see Social Security reformed, global warming solved, and god knows what else you’re talking about on a peaceful sunny day — that big reforms come about during dark and stormy nights. And I’m talking about BIG reforms…reforms that actually commit society to huge new sacrifices.

To hear which developments are most likely to happen next during this current Fourth Turning, click the play button below to listen to Chris’ interview with Neil Howe (57m:25s)

-----------------------------------------------------
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal

-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Click to visit the TBP Store for Great TBP Merchandise

7
Leave a Reply

avatar
  Subscribe  
Notify of
Auntie Kriest
Auntie Kriest

Chris Martensen (as much as I usually like his stuff ) needs to start afresh with explaining, openly, his over-reaction to the C0Vid-19(84) global psy-op event.

His readers would appreciate it.

TampaRed

auntie,
it# seems simple to me,he only had govt #s to work with–
either china lied about the severity of china flu and it was a fake out when they quarantined all those people or they over reacted to it–
i believed it was terrible when i started following it & when it hit italy it convinced me even more–
i want to know what happened here that caused it to be a nothing burger–
i don’t blame martensen at all —

Glock-N-Load

Hmm, one of my favorite sayings over the last 6 or so years…

“Good or bad, right or wrong, like it or not, wealth/income inequality, if it gets bad enough, causes serious problems. Income/wealth inequality is the #1 problem in America.”

–Donkster

Thunderbird
Thunderbird

In my opinion income/wealth inequality is a symptom of the problem. The problem is monopolies and government regulation.

Glock-N-Load

I would agree with that. What’s most visible? Regulations and monopolies or poor and rich?

Stephen
Stephen

Was wondering if Neil Howe is personally prepping for near-future financial, social violence, cultural disasters? Has he relocated to a “safer” state? What’s he doing? sauve qui peut

JLW
JLW

My God, Howe is a flaming, Big Gov liberal in this interview. I agreed with the book and think he is right but politically very few here would agree with him. Typical liberal boomer.

Discover more from The Burning Platform

Subscribe now to keep reading and get access to the full archive.

Continue reading