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DR. MARVIN FOLKERTSM: OF MORLOCKS AND BLACK SWANS |
The Black Swan teaches us that history proceeds in leaps and cataclysms, not stages. Wars, assassinations, revolutions, and natural disasters are Black Swan events, perfectly 'post-dicted,' but by definition, impossible to predict. And the consequences are huge and horrible.
The first two years of the Obama administration can be is examined in the context of extracting relevant points from "two books that should top any reading list for progressives who believe in 'winning the future.'" Depicting a latent "version of civil disobedience or revolution [that] will result not in a gradual decline but rather in a precipitous drop in economic production, accompanied by a leap in the unemployment rate, public union strikes, a surge in energy costs, and a collapse in the stock market," the author proceeds: "Throw in a foreign-policy disaster for good measure, and you have a flock of Black Swans." "The results will be a country unrecognizable from the one we currently inhabit.
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