Not only stupid, but also a nazi meme...

Besides the appeal of "though people", the idea that we're also in a cycle, of which the current phase is the worst one, is also basically the Kali Yuga concept, popularised by openly nazi figures like Julius Evola and Savitri Devi

If people are unhappy about their current society, they'd be better off learning about the economic causes, rather than esoteric memes.