The pronatally “compensating ego” has hitherto experienced three substantial defeats: 1. The falling away of ->Heavenly Compensation Mechanisms, i.e. of the notion of a trans-mundane restitution for past and present sufferings and a trans-mundane reward for as-yet-unrewarded good deeds. 2. Its becoming clear to this “compensating ego” , since the evident failure of communist revolutions on both the Russian and the Chinese models, that no “better future for all” will ever be realized. 3. The growing realization that even the last support remaining to this “compensating ego” – the relatively modest expectation that at least “our children and grandchildren will likely have better lives than ours” – represents, in view of unforeseeable climatic developments and a more and more desperate struggle for natural resources, a blindness in the face of reality.