Bad News Creates A Sonic Boom - Deepstash

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Lots of Overnight Tragedies, No Overnight Miracles

Bad News Creates A Sonic Boom

  • Bad news is aggressive and attention grabbing. A pandemic took no time to put the entire world hostage. Events like Pearl Harbour and 9/11 only took a couple of hours.
  • All growth is slow to rise, as it fights against many odds. A tree takes a lifetime to grow from a seed in the soil to it’s full-blown form, where it gives shade, fruit and environmental support to all.
  • Setbacks are fast and furious, as they have entropy to their advantage.

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SIMILAR ARTICLES & IDEAS:

Voltaire

“History never repeats itself. Man always does.”

Voltaire
History lessons
The most important lessons from history are the takeaways that are so broad they can apply to other fields, other historical times, and other people. 

The point is that the more specific a lesson of history is, the less relevant it becomes.

Adopting new views 

One of the interesting parts of the Great Depressions from history is not just how the economy collapsed, but how quickly and dramatically people’s views changed when it did.

People suffering from immediate, unexpected adversity are likely to adopt views they previously thought absurd. It’s not until your life is in full chaos (with your hopes and dreams your dreams unsure) that people begin taking ideas they’d never consider before seriously.

A shift in measuring well-being
A shift in measuring well-being

People in societies such as ancient Greece, imperial China, Medieval Europe, and colonial America did not measure people's well-being in terms of monetary earnings or economic output.

Measuring well-being: people vs money

The turn toward financial statistics means that instead of considering how economic developments could meet our needs, it instead is to determine whether individuals are meeting the demand of the economy.

Until the 1850s, social measurement in 19th-century America was a collection of social indicators known as "moral statistics," which focused on the physical, social, spiritual, and mental conditions of the people. Human beings were at the center, not dollars and cents.

Measuring progress and prosperity

What led to the pricing of progress in the mid-19th century was capitalism.

Capitalism is not just the existence of markets. It is also capitalised investment, where elements of society and life - including natural resources, technological discoveries, works of art, urban spaces, educational institutions, and people - are changed or "capitalised" into income-generating assets that are valued by their ability to make money and yield future returns.