Essay on financial crisis

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P eople have been proclaiming the imminent extinction of the humanities for decades. A best-selling volume in warned that a science-focused world left no room for humane pursuits, even as Baby Boomers began to flood the English and history departments of new universities. Allan Bloom warned about academics putting liberal ideology before scholarship in ; humanities degrees quickly rose. While coverage of individual academic disciplines like musicology, history, or comparative literature often deals with the substance of scholarship, talk of the humanities in general always seems to focus on their imminent extinction. In , Wayne Bivens-Tatum provided a useful walk through the first 50 years of the humanities crisis, until about But something different has been happening with the humanities since the financial crisis.
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Levels of trust in this country—in our institutions, in our politics, and in one another—are in precipitous decline. And when social trust collapses, nations fail. American history is driven by periodic moments of moral convulsion. The late Harvard political scientist Samuel P. These moments share certain features. People feel disgusted by the state of society.
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Globalization refers to the aspect of international integration. The opening of agencies by governments that open up chances for their local citizens to interact with members and citizens from yonder continents is the backbone of globalization. However, the originality of globalization is founded on technological innovations and advancement. The one major talking point that has evolved and stood around globalization is the issue of employment. In some aspects, employment has been amplified by globalization to an incredible extent, scaling to heights that no one ever thought would be achieved.
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