by Charles Hugh Smith
Of Two Minds
Whether we realize it or not, we’re responding with passive acceptance of oblivion.
You’ve undoubtedly heard rearranging the deck chairs on the Titanic as an analogy for the futility of approving policy tweaks to address systemic crises. I’ve used the Titanic as an analogy to explain the fragility of our financial system and the “glancing blow” of the pandemic:
Why Our Financial System Is Like the Titanic (March 15, 2016)
Coronavirus and the “Unsinkable” Titanic Analogy (January 29, 2020)
But there’s a powerful analogy you haven’t heard before. To understand the analogy, we first need to recap the tragedy’s basic set-up.
On April 14, 1912, the liner Titanic, considered unsinkable due to its watertight compartments, struck a glancing blow against a massive iceberg on that moonless, weirdly calm night. In the early hours of April 15, the great ship broke in half and sank, ending the lives of the majority of its passengers and crew.