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Yes there is definitely truth in that.
As a society we may reach a point of arrogance where only tragedy will awaken us.
The church here in NZ is incredibly weak and compromised- most are dying or mired in materialism.
I practice voluntary poverty from the relative wealth and comfort of New Zealand where the preoccupation of the media and society in general seems to be gaining as much material wealth as you can.
The economy/dollar has become the sole arbiter of value but that is not a sustainable society.
Bitcoin gives me some hope but it is far from a complete solution- it is just a model, an alternative model to centralised power structures and hierarchies.
Something more is required.
Renewed or revived values of community!
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Agreed. With the caveat that "Fear of the Lord is the beginning of wisdom". We must act in accordance with the created order. I would argue that the process of hubris followed by decadence you allude to is rooted in people starting to forget they owe their existence to the creator, and thinking they can do away with such "superstitions" now that they are "enlightened". This is when the prophets arrive to try to warn us. And of course, they are ignored, until disaster strikes.