Monday, May 25, 2026

Only doom left


widthCoronavirus is, after a year and a half of the pandemic, we have now learned. Since the “Kyoto Protocol,” we could have known what climate change is. But what exactly is a crisis? The word crisis spreads in the form of inflation. We are talking about the corona crisis and the climate crisis. Before this, we have experienced the refugee crisis, the euro crisis and the financial crisis. One is not over yet, the next is already peeking around the corner. The normality without crisis does not seem to be conceived anymore.

Rainer Hank

Freelance economic writer for the Frankfurter Allgemeine Zeitung.

The “Crisis Research Handbook” edited by political scientist Nicole Deitelhoff explains: Crisis is a special situation that can be good or bad. From ancient times to the 17th century, crises referred to medical decisions that mattered between life and death. Both doctors and patients have the right to take action and can proactively manage crises. This shows the core of the saying “crisis is opportunity”. Since the 18th century, the concept of crisis has spread rapidly, extending from medicine and war art to economics, society and politics, and permeating everyday language: “I think I will get a crisis.” Anyone who sees a crisis believes in history. Rüdiger Graf wrote in the aforementioned manual that a simple, linear history of progress names the historical periods of transition, uncertainty, and decision-making.

The “foundation crisis” of 1873 marked the temporary end of liberalism’s belief in progress and growth, similar to the Internet crisis at the turn of the 2000 century. The oil crisis of 1973 suddenly made people around the world aware that energy and resources are limited, and we should make good use of them to deal with them effectively. There is an absolute “growth limit” Club of Rome Fortunately, the statement at the time proved to be wrong. Human ingenuity defeated fatalism.

A distinction should be made between short-term disasters such as floods, bank influx, and refugee trekking, and long-term crises such as global warming, debt and immigration, the latter can be traced back to long-term development. We are currently experiencing a long-term crisis that can lead to terrible disasters.



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