Following some of the arguments in Ernest Becker's 1973 study The Denial of Death, he proposes that such crises are at least partly the result of the western reluctance to face mortality. In Britain, we eschew open coffins, for instance. When our relatives die, as my mother did two years ago, they die in a hospital rather than at home. We can hardly even bring ourselves to say die, preferring euphemisms such as pass away.
The Trump administration's nostalgic desire to revive factory jobs reflects a fundamental misunderstanding of modern economic realities and the impossibility of returning to a golden past.