The problem for the polity is 2-fold:
1. The results of massive economic mistakes takes decades to manifest and in the meantime it can actually make people feel quite good, and
2. Since the baby boomer generation, history starts at 1900 and so we don't look at what happened in similar situations over 5000 years of recorded history around the world.
1. The results of massive economic mistakes takes decades to manifest and in the meantime it can actually make people feel quite good, and
2. Since the baby boomer generation, history starts at 1900 and so we don't look at what happened in similar situations over 5000 years of recorded history around the world.
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