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Economics of Esoterica: A Link Between UFOs and the Global Economy?

Recent reports out of Thailand regarding claims of alien visitations on the rise, having occurred already for the last several decades, have generated a tremendous response in the last few days. This is due only in part to the the sensational nature of claims of alien visitation, however. Perhaps one of the weirdest aspects pertaining to this story has to do with the fact that the story appeared in the A-section of Friday’s Wall Street Journal newspaper.

Though it isn’t unheard of for UFO reports to be given the occasional “honest treatment” in such a way, it is infrequent at very least, and the WSJ is perhaps the last place many of us would expect to see the subject of UFOs getting any serious press. Quoting Colorado area MUFON officials, the report noted that “since the slump of the Western banking system in 2008, UFO sightings among Asia’s fast-growing economies have accelerated. Suspicious UFOs have shut down airports in China, buzzed resorts in Borneo and lit up the night sky in Myanmar.” Indeed, there have been a number of incidents involving UFOs (with a few instances even producing photographs) that have transpired lately in the East, but does this really point to connections between the global economy and UFO sightings?

To suppose such a thing would be considered ludicrous for many, perhaps bordering insanity and superstition if one were to dare take the idea seriously. However, in truth there wouldn’t necessarily have to be any vile forces, witchcraft, or necronomicons (maybe in this case we’d call it an economicon though) dictating whether UFOs were related to global economic ups and downs. In fact, it might be only rational to assume that strange phenomenon could work in tandem with people’s growing collective concerns.

Such an idea was first proposed by psychologist Carl Jung in his own survey of the UFO mystery with the publication of his Flying Saucers: A Modern Myth of Things Seen in the Skies. Though quoting Jung here may be more relevant, I nonetheless find that the following statement, excerpted from a review of Jung’s book posted at by reviewer David Caruso, sums up the essence of Jung’s argument about the importance of UFOs to humanity; whether or not they are even a real phenomenon. Caruso writes that “the psychological significance of the UFOs is an important topic of study for anyone who would try to gain insight into the unprecedented and rapid changes our society is undergoing at the present time.” The reason for this importance, obviously, has to do with one of Jung’s primary theories about UFOs: that they may have been archetypal or symbolic in nature, outward expressions of our inner fears, expressed outwardly or “manifested” as a result of collective tensions involving the Cold War.

Though the threat of radical ideological differences may not be the key factor in such a scenario today, if we were to consider a set of circumstances present now that are similar to what Jung described, then global economic tensions would have to be a good candidate. A close runner-up might be fear of international terrorism, which has some relevance to incidents where UFO sightings have prompted airports to close down. Perhaps these sorts of fears and concerns could contribute to people’s interest in strange phenomenon in some way, or even make people more likely to pursue “encounters” of their own.Who knows, maybe just the opposite could occur also (especially since the article notes a prevalence of sightings in parts of countries like China where economic conditions were actually improving). Though there is obviously something very real, physical, and functioning in a technological capacity with regard to UFOs, does this exclude the possibility that more and more people could be prone to misinterpret some natural phenomenon as being ufological, perhaps as a way to sort of “escape” their present reality or disposition?

Like Jung suggested, the proposed existence of UFOs unto itself is of great importance to humanity; but even in the event that they might not be “real” or “physical” in a conventional way, the continued reports of people’s encounters must still be of some importance. Additionally, any thorough survey of Fortean literature will begin to reveal the consistency between occurrences of strange phenomenon and disasters or just bad-luck in general. Perhaps we should ask, do UFOs and supernatural circumstances somehow cause humanity’s problems, or must we face the idea that they often tend to be most prevalent when we’re already faced with the stresses of coping with unrest?



Micah Hanks is a writer, podcaster, and researcher whose interests cover a variety of subjects. His areas of focus include history, science, philosophy, current events, cultural studies, technology, unexplained phenomena, and ways the future of humankind may be influenced by science and innovation in the coming decades. In addition to writing, Micah hosts the Middle Theory and Gralien Report podcasts.
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