The quote from King Albert II refers to the global economic depression of the 1930s, often called the Great Depression, and the populist reactions that arose in response. The crisis was characterized by severe economic downturn, widespread unemployment, and extreme poverty. The populist reactions were marked by movements and ideologies that sought to represent the "common people" against the perceived oppression or neglect of the elite. These reactions often involved radical political measures and rhetoric, some of which led to the rise of authoritarian regimes.
The king’s admonition not to forget these events suggests a belief in the importance of learning from history. By remembering the crisis and the populist reactions, societies can aim to prevent similar crises in the future, or at least be better prepared to manage them. It also serves as a warning about the potential dangers of populist reactions, which can sometimes lead to extremism and societal division.
Applying this to today’s world, the quote can be seen as a reminder of the economic and political volatility that can arise from crises such as the 2008 financial crisis or the current COVID-19 pandemic. It prompts us to consider the potential consequences of these crises, including the rise of populist movements, and to think critically about how to respond.
In terms of personal development, this quote may encourage us to learn from our past mistakes and challenges, and not to let hardship or crisis lead us to extreme or divisive actions. It also underscores the importance of critical thinking and informed decision-making in times of crisis.