Finance & investing
Investors avoiding new asset classes like crypto or ESG funds because they believe the 'pure' stock market of the mid-20th century was the only 'honest' way to build wealth.
Believing society is in irreversible decline, often paired with an idealized, rose-tinted view of the past.
It's like thinking music was 'real' and life was 'simpler' when you were a kid, while ignoring the fact that you also didn't have modern medicine, the internet, or the same civil rights back then.
Declensionism is a predisposition to view the present and future as inherently worse than a perceived 'Golden Age' of the past. It involves a selective memory process where historical hardships are filtered out, leaving only positive attributes to compare against modern complexities and failures. This bias often manifests as a collective cultural narrative that reinforces the idea that traditional values, social cohesion, or economic stability are permanently eroding.
The same glitch looks different depending on the terrain. Finance, medicine, a relationship, a team — same mechanism, different costume.
Investors avoiding new asset classes like crypto or ESG funds because they believe the 'pure' stock market of the mid-20th century was the only 'honest' way to build wealth.
The 'natural is better' movement, which suggests that ancient herbal remedies are superior to modern pharmaceuticals, ignoring the drastically lower life expectancy of the past.
The recurring 'Literacy Crisis' narrative where critics claim students can no longer write, despite historical data showing writing proficiency has remained stable or improved in many metrics.
The belief that 'divorce didn't exist' in the past, ignoring the 'empty shell' marriages and lack of legal agency for women that kept families together by force.
Users demanding the return of skeuomorphic designs (icons that look like real objects) because they feel 'more intuitive' and 'warm' than modern flat UI.
Concept discussed by historians like Arthur Herman (1997) and popularised in psychology by Steven Pinker (2011/2018) in the context of 'declinism'.
Likely tied to the survival benefit of maintaining group morale and social cohesion through shared heroic myths, and a cautious 'loss aversion' toward rapid social changes that might destabilize a known-safe environment.
AI models can inherit declensionism if their training data includes a disproportionate amount of alarmist literature or historical revisionist texts that frame technological progress as purely destructive.
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