‘The final days of the Trump presidency have taken on the stormy elements of a drama more common to history or literature than a modern White House. His rage and detached-from-reality refusal to concede defeat evoke images of a besieged overlord in some distant land defiantly clinging to power rather than going into exile or an erratic English monarch imposing his version of reality on his cowed court…
“If there are these analogies between classic literature and society as it’s operating right now, then that should give us some big cause for concern this December,” said Mr. Wilson, the Shakespearean scholar. “We’re approaching the end of the play here and that’s where catastrophe always comes.”…’
— Peter Baker via The New York Times
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Perhaps the article is of interest to Shakespeare devotees, but the analogy is not nearly as apt as the one Heather Cox Richardson made in her “Letter from an American” for 5 December 2020 (posted early 6 December 2020). In detail she lays out the background of the Panic of 1893. “Faced with a legitimately elected [1892] Democratic government, Republican leaders deliberately sabotaged the country. They swamped the media with warnings that Democrats would destroy the economy and that men should pull their capital out of stocks and industries. Foreign capital should, they said, go home or face disaster. Money began to flow out of the country and stocks faltered. When financiers begged the Harrison administration to shore up the markets in the face of the growing panic, administration officials told them their job was only to keep the country afloat until the day of Cleveland’s inauguration.
“They didn’t quite make it. The economy collapsed about ten days before Cleveland took the oath of office, saddling the new president with the Panic of 1893 and very few ways to combat it….”
The rest of Richardson’s letter is well worth reading, also.
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