Tim Price on parallels to the French Revolution

Some suggest that the most appropriate analogue for the current global crisis – the spread of a pandemic that has resulted in some catastrophic mis-steps by multiple governments – is the Great Depression of the 1930s...  But perhaps an altogether darker and more substantial comparative reset is that of the French Revolution itself. 

Some historians, perhaps most notably those of a Marxist bent, regard the French Revolution as the most significant event in the history of the modern world. The Revolution replaced a monarchy with a republic, reshaped the social order and the role of the aristocracy and the Church, ushered in a period of extraordinary outbursts of violence, and ultimately led to a dictatorship under Napoleon – who would then export many of its principles, by force, to much of western Europe. 

Like so many revolutions, this one was in large part triggered by finance.

~ Tim Price, "Children of the Revolution," Price Value Partners, March 22, 2021