no this is a major shift in how we are governed, it's creeping up multi-decade, and has huge future ramifications. It is literally the breakdown of everything we have taken for granted in economic governance in the past 100 years, and it telegraphs the kind of inflection point that leads to very big structural changes in society.

I'd call it one of those Thomas Kuhn style paradigm shifts in the making, this time applied to the sphere of economics.

It's not about a temporary price move, disease outbreak, or natural disaster, all of which are, I agree, all too regular.