Ok first of all I would like to apologise for my old thread. I had written it but it just did not come out quite that well so I thought I'd scrap it and write a new thread entirely. I'd have deleted it but could not find the option to do so. For now I will just start a new thread and write my own thoughts and ideas in this one. I hope this is okay for anyone and apologies for any inconveniences this might have caused.
Anyway, to the topic at hand. After much research and thought both on the generational theory proposed by Strauss and Howe and observation of political, economic and social trends in general, I have come to the conclusion that at this present moment in time, we do not live in "The Fourth Turning". In fact I would go as far as to say that we actually now live in a "Third Turning" when it comes to the Western world and the "Fourth Turning" is not upon us at all. Not just yet anyway. So how have I come to this conclusion? Allow me to explain.
First of all, let us look back to the history of Generation X. When researching this generation's history and talking to members of this generation in particular, something hit me. This generation did not at all live in an unraveling. Far from it. In fact this generation actually lived in an economic and political high when they came of age. Now naturally by cyclical history, Gen X should have been an unraveling generation, I do confess to this. With the closure of blue collar industrial jobs and their offshoring to distant countries, this did undo the strong industrial economic high that had been achieved in the 1950s/1960s. In particular, this was heavily felt in my own native Britain with the decline of the industrial north and the rather sudden and violent closing of the coal mines under Margaret Thatcher and her administration in the 1980s. Many fell into the welfare trap and life seemed grim for many.
So this itself would have been an unraveling. Yet something happened and as a result, the unraveling quickly ended and what followed was a high which saved a generation. So what happened? First of all, the end of the Cold War. As we all know, the Warsaw Pact started to collapse in 1989 and by 1991 with the collapse of the USSR, the fear of a potential East-West conflict had all but disappeared. A high feeling of optimism had entered the air in the West by the 1990s as a result of this. Despite a very brief period of recession which ended rather quickly I'd like to add, the Western economies started to embrace a new economic, cultural and political high. Westerners felt confident in their own governments. Many Western governments, particularly in Britain and America, had economies that went into the black during this period. The creation of the internet and the rise of the dot com bubble not to mention the opening up of former Communist markets helped to inspire a growth not before seen since the 1950s. As a result, the youth of Gen X were able to continue on with the middle class lifestyles of the previous generations, embracing the new technology that helped to create a strong service industry at behest of the old industrial model. The unraveling in effect was delayed.
Think about it - how many members of Gen X did not have their own homes in the 1990s? How many still lived with their parents? How many of this generation today do you see living reasonably comfortable middle class lifestyles? University tuition was cheap or even free in the case of Britain. People felt very positive about the future and an optimism not seen since the war days was abundant. In the West, the 1990s was a good time to be alive and few can deny this.
Now in comes Generation Y, the supposed "Hero Generation" that is supposedly "living in a crisis".
The truth is, you cannot go from a high to a crisis overnight. You have to have an unraveling before the crisis happens and this is exactly what is happening to Gen Y right now. The highs of the 1990s finally came to an end with the abrupt surprise attack on September 11th, 2001. For the first time since World War II, the Western world felt very insecure about its own future and paranoia started to set in. Unlike the 1990s, there was a huge turn against the government with many suspecting potential government involvement. Conspiracy theories started to arise and an entire generation became exposed to conspiracy theories such as "The New World Order". The trust once placed that the government would get us through our problems started to, yep, you guessed it, "unravel". The War on Terror has led to many complaints yet in reality, this is nothing more then a repeat of the Soviet intervention in Afghanistan in the 1980s. A brush fire war, not a major conflict.
Then came along 2008. The Great Recession. This has led to a period of economic uncertainty and trust in the government is at an all time low. Due to this event along with intense economic globalisation, we now see an entire generation with few good economic prosperities. The economic boom of the dot com bubble has started to wear out with only a few of Gen Y really profiting from this. Youth unemployment remains at an all time and many are stuck at home living with their parents until their late 20s/late 30s even until they can finally move out. University education is expensive and the hope of a better future remains out of reach for many. For the first time since World War II, parents and grandparents believe their own children will have it "worse off" then they did. The War on Terror still rages on.
Yet this is not a crisis. This is an unraveling.
Why is this not a crisis? Quite simple - the economy is still functioning, the vast majority of Gen Y seem content to put up with the status quo (for now at least) and there has been no major economic collapse. The War on Terror has not produced a mass conflict that really challenges a generation. Its a war far away from home with only a select few going. For the average man on the street, it does not affect him as did previous conflicts. Now 2008 could have led to a crisis but due to the bail out of the banks and other industries, it merely has prolonged the inevitable. My own estimation is that we now live in an unraveling with Gen Y becoming the new "Lost Generation" that essentially has "lost out". In a crisis, you have a major conflict that challenges the status quo, mass rioting on the streets, much poverty and much suffering. None of this has been experienced and instead we have a generation sat at home playing video games. Its not a crisis.
So what will be the next crisis and when will it come? Who will be the new Hero Generation? That answer I believe lies in the Alpha Generation - the Generation being born now. Despite the optimistic predictions they will live in a high, I very much doubt it. The current unraveling will continue for the next 20 years. I predict by the 2030s/2040s at the very latest, the entire Western financial system will eventually not be able to take on the pressures of globalisation and debt based finance anymore and eventually collapse. This itself will trigger a period of mass unrest with the Alpha's demanding social, economic and political change on a mass scale. Occupy Wall Party, the Tea Party and other groups are just mere unraveling organisations. Tomorrow it'll be a generation fighting on the streets, really demanding change to make their lives better.
I predict that America eventually will withdraw from Europe and return to a period of "splendid isolation", focusing on the American hemisphere rather then concerning itself with Europe and international affairs in general. The EU will eventually collapse, leaving much poverty in Europe. Mass immigration into Europe is already creating a strong nationalistic backlash and unlike America, Europe is not a continent of "opportunity". Europe never has been and with its strong nativist ties, there will be conflict between immigrants and natives. I suspect to see asymmetrical conflicts similar to the Ukraine erupt throughout Europe in the 2030s/2040s. There have been a few theorists who also agree with this idea that the 2030s will not be a high but actually a crisis period.
For America - I'm not sure where America is going. I know one thing. America is not going to be a superpower anymore this century and I do feel will demote itself to "Great Power" status. With rising economic inequality, social concerns and fears of mass immigration from Mexico, I could potentially see America breaking up in a similar way like the USSR did in the 1990s. I think America could end up with various new nations built up on different identities. In California and the New York region you could end up with multiracial cosmopolitan societies where social liberalism is the norm where as in the deep South and potentially northern states like Montana and Idaho, you could end up with racial nationalistic sentiments flaring with up with white Americans and black Americans demanding their own homelands along with a rise in social conservatism.
People may think it is crazy but then look at the history of the United States. It always has been a history of division on many levels. During the 1890s - 1960s, the North very much was the liberal capitol of the United States with cosmopolitanism, industrialism and liberalism forming the core identity. In the South on the other hand, social conservatism still was triumphant with many preferring to keep to the old ways. You can still see it in America. Americans in the North have an ancestor from anywhere in Europe where as in the South, people can still trace their ancestry back to the Mayflower and the Revolution. My point is, I could see the same happening to the United States in the long run. Do not think America is going to become one giant liberal Brazil. Think again.
So these are just my thoughts. I'd appreciate other points of view. I look at this post btw and feel "ah, this is just right."