Corona pandemic: largest shock since the collapse of the Soviet Union

opinion Crisis as a new beginning

The corona pandemic is the biggest shock since the collapse of the Soviet Union

Stand: 4:55 p.m. | Reading time: 3 minutes

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Gloomy clouds over the skyline of the financial metropolis Frankfurt am Main

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Like the collapse of the Soviet empire, the corona crisis is likely to lead to far-reaching changes in the economy. Both events crept on and then unexpectedly struck society. The consequences will continue for a long time.

Whas a difference a year makes! I hope Dinah Washington fans won’t mind if I’ve changed the title of their wonderful song slightly. But it just fits in perfectly with the past year, which brought us a comprehensive change in our living conditions that will have an impact for a long time to come.

I think it is no exaggeration to say that the experience of the corona pandemic is the greatest tremor in the world since the collapse of the Soviet empire thirty years ago. Both events crept on and then unexpectedly struck us. And like the fall of the Soviet Union, the corona pandemic is likely to lead to far-reaching changes in the economy and society.

Thomas Mayer is founding director of the Flossbach von Storch Research Institute and professor at the University of Witten / Herdecke

Thomas Mayer is founding director of the Flossbach von Storch Research Institute and professor at the University of Witten / Herdecke

Quelle: picture alliance/dpa

After the spectacular failure of “actually existing socialism”, the liberal order of economy and society first triumphed. Francis Fukuyama said that historical evolution had reached its “end” – in the sense of its “highest stage of development”. But already at the moment of triumph the setback germinated.

The state leans to the left so as not to tip over to the right

The interest rate manipulation by the central banks, contrary to the liberal order, triggered a series of financial crises which culminated in the great financial crisis of 2007/2008. This crisis was caused by the expected failure of the central planners to control the interest rate.

But it was wrongly blamed on the liberal order and initiated the setback in the “evolution of history”. Liberal society began to split into left and right identity groups. The left-wing identities slandered liberalism in order to advance their concept of identity justice. They pressed indulgences from the majority society to groups of victims they had defined for past sins.

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The right-wing identities declared themselves to be the protector of the “people” against the claims of the victim groups and liberalism. In between, the state, which leans to the left so as not to tip over to the right, climbed back onto the bridge over the economy and society.

The economy should become greener

With the corona pandemic, it has now fully arrived there. It regulates our lives in the pandemic more badly than right and promotes the dependence of the economy on its feed troughs, which it fills with the money produced in abundance by its central banks. After the partial demolition caused by the pandemic, he wants to rebuild the economy according to his ideas and make it “greener” in the process.

Undisputed by a torn electorate, he will probably continue on the path of the state economy until his renewed failure allows another new beginning. Also that of the philosopher of state and history Georg Wilhelm Friedrich Hegel is critical, the principle of dialectical development that he founded imposes itself.

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As early as the 1830s, Alexis de Tocqueville knew how to report on the “power of guardianship” of the state over its citizens: “She likes to work for her happiness; but she wants to work on it alone and decide on it alone; it ensures their safety, sees and secures their needs, facilitates their amusements, conducts their most important business, directs their commercial enterprises, regulates their successes and divides their inheritance; could she not completely relieve them of the worry of thinking and the trouble of living? ”

It almost seems as if today’s left-green guardianship authority and its state media want to answer Tocqueville’s question with yes.

This text comes from WELT AM SONNTAG. We will be happy to deliver them to your home on a regular basis.

WELT AM SONNTAG ET 27.12.2020 Packshot half page

Source: WELT AM SONNTAG

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