The Danger of a Global Double Dip Recession Is Real - US News and World Report

The Danger of a Global Double Dip Recession Is Real - US News and World Report: "The modern world has for centuries been dominated economically, intellectually, and physically by the civilization that arose in Western Europe in the wake of the Renaissance and Reformation and spread across the Atlantic.


Will that one day be seen as a passing phenomenon doomed to ascend ever upward and then slowly fizzle out like a firework?

It is nearly a century since that gloomy German mathematician and philosopher Oswald Spengler published his 1918 classic The Decline of the West. His arguments were complex, but basically he suggested that the future of the West was not as limitless as his peers imagined after the ghastly World War I. His thesis was that civilizations had an underlying trajectory, an organic rise and fall; his metaphor was to compare the stages of this process to the stages of our seasons—but seasons of many centuries. In the 19th century we were, he suggested, in the winter of the West, witnessing the triumph of materialism, socialism, and money and that the era of individualism, liberty, and humanitarianism was nearing its end."