One of the definitions of money is that it is something which holds value.
Obviously, this monetary constraint was broken in the twentieth century, the Age of Inflation.
It was also the century of world wars, and hundreds of millions of people murdered by governments, from Nagasaki, Auschwitz, Dresden, Lubyanka, the Gulag, China, and Cambodia, back through Hiroshima, and then onto Iran, Iraq, and Afghanistan.
It was also the age of international socialism, national socialism, welfare socialism, and environmental socialism.
All of these are characterised by the dimunition of wealth production, peace, individuality, and freedom (a.k.a. civilisation) and their replacement by wealth consumption, war, collectivism, and tyranny (a.k.a. barbarism).
Are these four trends related? And if so, how?
Paul Cantor describes how they may be related in the following magnificent 27-page essay. It’s a little hard work, at first, but if you persevere, it’s a real 1,000 carat gem of a piece:
(With thanks to Stephan Kinsella, for pointing this great piece out, which can help us understand the historical causation of the descent of Britain into decivilisation, as evidenced by recent events.)