Inflation brings Italy back to 36 years ago, when we watched Top Gun and Tom Cruise’s debut at the cinema, just like today the sequel to the aces of US aviation. We admired world champion Argentina thanks to the genius of Maradona and also to that goal, to that one hand of god which just this year was the fil rouge of the splendid film by Paolo Sorrentino in the Oscar nomination.
And if prices return to the levels of almost 40 years ago, that fear of war that touched us then with Gaddafi’s missiles on Lampedusa after the American raid on Tripoli has become a reality.
But now as at that time the terror comes from Ukraine, today attacked by Russia of which in 1986 was the western rib from which the radioactive wave of the central Chernobyl. The toxic cloud, denied by what was still the Soviet Union, had erupted a few kilometers from Kiev, today bombed by Moscow on 26 April.
For the rest, little has returned, for better or for worse, of those eighties filled with reaganomics and hallway. The period of hedonism and fun, very far from the pandemic and the war, from drought and from the grasshoppers that follow one another like the biblical plagues of Egypt in our present time.
Berlusconi he became president of Milan and who knows maybe he was already thinking about the presidency of the Council. In January 1986 Spain and Portugal had entered a united Europe which was not yet a Union, however, and had less than half of the current member countries.
And if this year inflation makes our wrists tremble, this was not the most felt problem almost forty years ago: a few years earlier, in 1980, the consumer price index had jumped over 21% and was worthwhile. more being among the bot people than investing elsewhere. Six- or three-month treasury bills yielded over 10% dragging the crowding out phenomenon into a downward phase.
Of course the public debt was starting to rise but it was not yet the Himalayan mountain to climb that we have before us now. Interest expenditure weighed, however, it grew a little more and in any case in line with the other big Europeans that on some occasions we were even preparing to exceed by GDP produced, as in the case of the United Kingdom the following year. We came from the years of lead but we did not miss the scandals, such as the methanol wine as well as the mysteries from the first Republic. That year it was Michele’s turn Sindona dying in prison immediately after sentencing drinking a cup of cyanide coffee. On the health front we did not wear masks but nevertheless began to come to terms with the ‘mad cow’, the disease of beef first detected in Great Britain.
Boys and comic book lovers began to get acquainted in the fall of 1986 Dylan Dog while the English royal house that year still offered us cover news thanks to the wedding of Elizabeth II’s second son, Prince Andrew, with the redhead Sarah Ferguson.
The relations between the Russians and the Americans went instead to the opposite of the headlines of today: this year they touch on the direct confrontation on the border of the former Iron Curtain then instead they tried the rapprochement with the historic meeting in Reykjavik between Ronald Reagan and Michail Gorbaciov. It was the eve of the implosion of the USSR, which would have led someone to believe in the end of history, in the unipolar world, in globalization and in an expansive monetary policy that between one financial crisis and another seemed destined to be endless except instead awakening in 2022 with a NATO-Russia opposition that has even gone back 80 years and an energy shock inflation that after the 1970s has returned to make us talk about rationing and austerity. Everything changes, everything comes back.
Source: Ansa
I have been working in the news industry for over 10 years now and I have worked for some of the biggest news websites in the world. My focus has always been on entertainment news, but I also cover a range of other topics. I am currently an author at Global happenings and I love writing about all things pop-culture related.
