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The last phase is characterized (like our own) by individualism and sterility, and represents the nadir of man's fall.
Контекст:
This reference is to a conception of the eighteenth-century Italian philosopher Giambattista Vico, whose La Scienza Nuova provides the philosophic loom on which Joyce weaves his historical allegory. Essentially, Vico's notion is that history passes through four phases: theocratic, aristocratic, democratic, and chaotic. The last phase is characterized (like our own) by individualism and sterility, and represents the nadir of man's fall. It is terminated by a thunderclap, which terrifies and reawakens mankind to the claims of the supernatural, and thus starts the cycle rolling again with a return to primeval theocracy.