An essential connection between the loss of a symbolic perspective and the inevitable existential crisis which follows is the absence of a healthy bridge mediating between the two centers of consciousness in the human psyche, namely, the conscious and unconscious minds, which are centered by the Ego and the Self, respectively.
In our unexamined post-Enlightenment haste to adapt to a world ruled only by rational thought, we destroyed the ancient and elaborate tapestry of symbolic systems together with the ancestral threads connecting us to it, creating a dangerously unsustainable situation where we no longer comprehend the meaning nor the potential outcomes of events in our lives, personally or collectively. In Man and His Symbols (1964), Jung wrote:
Modern man does not understand how much his rationalism (which has destroyed his capacity to respond to numinous symbols and ideas) has put him at the mercy of the psychic “underworld.” He has freed himself from “superstition” (or so he believes), but in the process, he has lost his spiritual values to a positively dangerous degree. His moral and spiritual tradition has disintegrated, and he is now paying the price for this break-up in worldwide disorientation and dissociation. (p. 84)
As one current example, I offer the attached image, which I found in the New York Review of Books article also listed here. It’s about cyber and information warfare and mentions how the United States “is currently working with an extremely shallow reservoir of faith” as a way of explaining our vulnerability to the power of misinformation. That is, we have lost faith in the symbolism of Democracy which once buoyed us, and so—dangerously—can no longer tell the difference between truth and lies.