Tag Archives: mania

The Mania of 2021, by Paul Rosenberg

Manias rarely end well. From Paul Rosenberg at freemansperspective.com:

There are times that not only try men’s souls, but warp them.

Westerners of our generations never believed that mass manias could re-appear, but we’re living through one right now, and against my wishes I feel a need to address it; not as a victim or a participant, but as an observer.

Manias – mass warpings of the human soul – are clearly not something we’ve outgrown. Granted, the mania of 2021 has required immense technological assistance, and so it may be that we have improved… that only technological abuse could give rise to such a mania in our time… but here we are all the same.

As for calling this a mania, I have no qualms using the term: Abdication of judgment is pandemic these days:

    • Naked and open racism – “We know you’re bad because of the color of your skin” – is proclaimed proudly and defiantly.
    • Group attacks on dissenters, though virtual rather than physical, occur continually, embodying a level of sadism that I’d rather not describe.

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Instability, by Sven Henrich

The Gamestop short squeeze has been a lot of fun—nobody likes hedge funds—but it’s also the kind of thing that only happens at the tail end of manic bull markets. From Sven Henrich at northmantrader.com:

In every century the same thing happens at one point or another. Society loses the plot and gets caught up in a mania, a grandiose exercise in self delusion. It can be political, it can be religious, and yes it can be economic. Sometimes these manias are confined to regions or small groups of people, sometimes they are vast in reach and impact and have global consequences. We can all think of examples. Religious? How about witch burnings? Politics? How about Nazism? Economics? How about all the manias that had fervent believers and adherents that with the hindsight of time were completely insane? The South Sea Bubble, the Tulip mania, the 1929 mania, etc. All of these bringing about vast social instability versus the previous status quo with often disastrous consequences.

And whatever we got going here is now approaching a similar frantic delusion that appears to infect everyone.

All of these manic periods have something in common: Believing in something absolutely even though it is either completely wrong or unrealistic. Seeing reality becoming untethered.

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