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.
Declinism
aka Declinism · Golden Age Fallacy
Believing society is in irreversible decline, often paired with an idealized, rose-tinted view of the past.
WHAT IT IS
The glitch, explained plainly.
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.
SOUND FAMILIAR?
Where it shows up.
- 01 An older relative claiming that 'nobody has manners anymore' compared to their youth.
- 02 The constant refrain that 'movies just aren't as good as they were in the 90s.'
IN DIFFERENT DOMAINS
Where it shows up at work.
The same glitch looks different depending on the terrain. Finance, medicine, a relationship, a team — same mechanism, different costume.
Medicine & diagnosis
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.
HOW TO SPOT IT
Ask yourself…
- Am I ignoring the specific problems and suffering that existed in the era I am currently romanticizing?
- Is my view of the 'decline' based on objective data (like crime rates or health) or just a 'feeling' of cultural loss?
HOW TO DEFEND AGAINST IT
The playbook.
- Fact-Checking the Past: Look up actual statistics for the 'Golden Age' regarding health, crime, and poverty.
- Identify the Fading Affect Bias: Acknowledge that your brain naturally forgets the boring or painful parts of the past.
FAMOUS CASES
In history.
- The 'Fall of Rome' narratives written by 18th-century historians who used Rome's decline as a cautionary tale for their own 'decaying' societies.
- The 19th-century Romantic movement, which reacted against the Industrial Revolution by idealizing a pastoral, pre-industrial Europe.
- The recurring 'Make America Great Again' or 'Britain's Best Days' political slogans that leverage nostalgia for specific post-war eras.
WHERE IT COMES FROM
Academic origin
Concept discussed by historians like Arthur Herman (1997) and popularised in psychology by Steven Pinker (2011/2018) in the context of 'declinism'.
Evolutionary origin
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.
IN AI SYSTEMS
How the machines inherit it.
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.
EXPLORE MORE
Related glitches.
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