They have indicated that the lack of a really strong, panic ending, response over the last 4 years, has just left the crisis simmering and they are worried that it might now boil over.
They might even be right. We tend to believe that because things are OK, they will remain OK.
We, as people, to tend to think it will all turn out all right, even though there is no real reason that it should. It might just as easily get worse.
When civilisation collapses, it does so very quickly. When empires end, they end unbelievably fast.
The Austrian empire had been existence as a major European power since 1804. Merged with the also powerful Hungarian empire in 1867, central Europe was dominated by the Austro-Hungarian empire. It seemed a pretty secure and settled state, albeit probably the weakest of the great powers.
At the end of the great war, in 1918, it dissolved completely.
The Ming Dynasty (1368–1644) of China, "one of the greatest eras of orderly government and social stability in human history" collapsed in just 10 years, bought down by a financial crisis.
The Roman empire. In Britain it was a slow decline, over some 100 years. But in Italy, one day the richest nation, next day the city is overrun by barbarians.
Take our own empire. The British empire was at its peak in 1930, even though we'd lost the thirteen colonies of the USA a century and a half earlier. 1930 was just before dominion status was granted to the senior nations and the self governing commonwealth came into existence. 458 million people, one fifth of all the people on the planet and quarter of the earth's land area was under more or less direct British control. Just thirty years later the mightiest empire the world had ever known was gone. Today, 80 years on, we don't even like to talk about it. It seems so ..distant.
Winston Churchill was under no illusions about why Britain should fight on in 1940. To protect the empire. Clearly, he failed in his goal.
In truth the British empire, and all those other empires, had been in decline for a long time. They looked fine, and maintained their surface image of greatness, but underneath there were weaknesses that only later would appear so obvious.
The British Empire, ever since the Boer war of 1899, had really been losing market share. It was being out produced in steel, coal, and food. British Empire power, influence and preeminence was waning, though few would have believed it. America already had more economic power, and Germany, in some areas, too. And Germany had only been a united country for the previous 30 years, since 1871.
We tend to think of empires and civilisations ending gradually. A decline in power over decades and decades. A tipping point occurs from which there is no return.
A shortage of silver did in the Mings. Defeat in war did for the Aztecs and the Austo-Hungarians.
Financial ruin did for the British empire. Rigid, inflexible state control did for the Spanish empire.
But the end can also be very quick.
The USSR. Born of revolution. Beset by enemies. Became one of only two global superpowers and terrified the west. Fell to bits in 1991 so suddenly and unexpectedly that it was years before world leaders really acknowledged it was gone for good.