It tells me that mankind has commonly foretold a "last days" marked by social upheaval and lowering personal standards.
Yes. There is even a fable written about this phenomena.
Chicken Little was on her way through the woods to her grandmother’s when something fell on her head. She picked herself up and shrieked, “The sky is falling!” Then she gathered her skirts and ran off in all directions. “Help! The sky is falling!” she cried. “Help! Help! The sky is falling!”