Psychology is an interesting study that has some part to play in understanding why some decisions are taken without anyone seeming to run through a process of reasoning. I have somewhere in these ruminations talked about the psychology of history but I am thinking this evening about China rowing with the USA because its AAA fiscal rating has been withdrawn.
this badge, like all badges, is in itself a standard that is given because certain measurements have been attained. That is all it is. But to read some comments people seem to think the badge in-and-of itself is of great importance. I am sure the journalists who last weeks said this was never going to happen might be a little shame-faced, but nothing else has changed. We are in a crisis and have been in one for three years and seen it building up for over twenty years.
Reason should tell us that fiscal policy around the world is shaken to its foundations, as it periodically always is, and that after retrenchment, certain bloody revolutions and maybe even country changes that flow from such crises, things will resume as long as the earth’s resources remain.
Reason should tell us that there are badges that do not exist which would mean far more and the earth lost its ability to sustain the human race around the 1900’s but no one is looking because the crisis is not here yet.