A political and cultural crisis arises, and what had been regarded as common sense is discarded. The political elite insists that there is nothing wrong that couldn’t be solved by more of the same. A large segment of the public, in great pain, disagrees. The old political elite, and its outlook on the world, is discarded. New values, new policies, and new leaders emerge. The new political culture is treated with contempt by the old political elite, who expect to return to power shortly, when the public comes to its senses. But only a radically new approach can solve the underlying economic
...more
