When the highest representatives of a community are eager to throw mud at each other. When arguments merely serve as a façade to convey anger, mockery or contempt, then history has just turned a corner. One period has come to an end, a new one begins. Since September 29, 2020 we know that in the United States of America democracy is undergoing a process of rapid disintegration – it is being torn apart by diverging forces.
Recently (on 14 August) I had the good fortune to follow an interview with the British historian Adam Tooze on Austrian Radio. I was so impressed that I immediately took to reading his book “Crashed. How a Decade of Financial Crises Changed the World” (Allen Lane 2018) ) – and so an important work finally reached me with a two-year delay. These are my comments: