Originally Posted by
Ed S
Eric's analysis shows why its nearly impossible to prove or disprove this theory. Interpretations of history can be modified to fit many theories that historians propose. When the facts stop fitting the theory, its easy to slightly modify the theory without destroying its essence to make it fit the facts. We see this in the economics profession all the time because controlled experiments are hard to do in social science fields. In one interpretation, the abolition of slavery could be interpreted as implementing a new system. On the other hand, it can be interpreted as tearing down an institution rather than building a new one. If it is interpretated as of advancing to a new system, then one can argue that there is just one type of cycle and no dual atonement/advancement cycles exist. However, if abolishing slavery is thought of as tearing down an institution, then in a sense both the Confederacy and Union were attempting to tear down an institution. The Confederacy was trying to tear down the Union and the Union the institution of slavery. But from another perspective, the Confederacy could say that they were just like the Revolutionaries back in 1776.
I would argue that indeed for the Confederacy the issue was about slavery and State's Rights was just pretext to preserve slavery. However, for the union, the issue was about preserving the Union. Had Lincoln made slavery the issue, he would have gotten little support in the North for the war; that is why Lincoln waited so long to free the slaves.
Personally, I believe that we go through natural stages of development that causes cycling. When we have a revolution in response to a crisis, it is just natural that once the revolution is over, we need a period of normalcy, of getting on with our lives. But as time goes on, and the revolution fades from our memories, and we start questioning whether we are on the right course or not. However, there is a lot of uncertainty in the world and events are random. Thus, in 1,000 years I believe we will see alot of irregularity in the cycles. Right now it is easy to see cycles because we can make up a story to fit the facts, but whether the story holds true as additional facts come is questionable.
Perhaps, there are both deterministic and random components to cycles. May the be big difference in this crisis from the Great Depression is simply the type of leaders we have elected. FDR was a bold leader who used the bully pulpit of the presidency well. Obama is more like Eisenhower, a cautious leader who will not make a bold move unless it is carefully thought out. Moreover, the reforms of the New Deal actually worked, making the financial crisis more like the Panic of 1907 rather than the Great Depression. Thus, reforming the system is harder today. In addition, the Great Recession started just a few months before Obama took office, while the Great Depression was already 4 years old when FDR took office. Therefore, no one could blame FDR for the Depression (although it seems like conservatives are having some success today for blaming FDR)