New book by Michael Hüther on Corona and globalization

EU flag and US flag on a roller coaster in Hamburg

The West also sees globalization as a risk of being left behind by China – and is forming an alliance.

(Photo: dpa)

Epochs overwhelm societies. Old successful models no longer work, except in the backward projections of nostalgics, but new concepts trigger both future euphoria and fear of the future.

Such phenomena could be perceived very well in the “fin de siècle”, in the period between 1880 and the First World War. A time that produced Freud, Robert Koch, Debussy and Gauguin, but also militarism and imperialism.

The well-known economist Michael Hüther, director of the Institute for German Economics, sees the world in a new “fin de siècle”, as he and two co-authors explain in several places in his new book “Exhausted by the pandemic”. Philip Ajouri, who dealt with the period around 1900, is also repeatedly quoted with his diagnosis of the effects of such upheavals: “Exhaustion and tiredness with slight irritability.”

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