We know that great, revolutionary social movements are sparked by extreme discontent surrounding a variety of maladies. Yet many also often surround a single, large disaster that pushes the people over the edge.
The Russian Revolution was tipped off by the exceeding losses that the Russians were suffering on the eastern front during the first World War. The French Revolution was inflamed by the high prices of bread in Paris due to monarchy mismanagement (This was even somewhat due to the investment Louis 16th made into our cause in the American War for Independence.
What am I getting at? The question I am proposing is if there are any calamities in the foreseeable future that may push capitalist countries over the edge?
Sure, we have growing inequality which has exploded ever since 1975 (the end of the post WWII period) that is only going to get worse and worse according to Thomas Piketty’s work Capital in the 21st Century (this link is to a free.pdf copy of the book; It’s a must read if you are concerned with issues of economic inequality). But will that be enough or does one single event have to occur to move the people toward real change?
A few ideas I have is maybe a skyrocketing of fuel prices due to some foolish military action in the Middle East that everyone perceives as folly. Or perhaps a constitutional crisis, such as a U.S. President refusing to leave office after a lost election, or after his/her two terms are up. Perhaps, as Piketty also predicts, there will be a cycle of recession/depression after recession/depression occurring now that the golden years of 1913 to 1975 are over. But that one would be more of a gradual change unless one economic downturn would reach the level of the one of Weimar Germany.
Anyhow, I am not sure.
I invite the readers of this piece to offer up, first, if you think my theory is valid, and then if there is any form of disastrous phenomenon you see as a catalyst for real, radical change in the future? I look forward to your comments.