From what I know so far[2] I am prejudiced against it, in that ascribing seasons to civilisations (Spring/Summer/Fall/Winter) strikes me as being parallel to "technical analysis" for stocks: possibly useful for historians in description, but anyone who attempts to apply the model for prediction should hope to be lucky.
[1] I agree with the characterisation of the Washington Consensus as Faustian, and the title of this book might help explain why the Nazis were so obsessed with Saving The West (even if it didn't wish to be saved) from Jewish Communism.
Goebbels, apud https://news.ycombinator.com/item?id=24141227
> "Die europäischen Mächte stehen hier vor ihrer entscheidenden Lebensfrage. Das Abendland ist in Gefahr. Ob ihre Regierungen und ihre Intelligenzschichten das einsehen wollen oder nicht, ist dabei gänzlich unerheblich."
European powers are faced with an existential crisis. The West is in danger. Whether their governments and their intellectuals will admit it or not is irrelevant.
> "Die Welt hat also nicht die Wahl zwischen einem in seine alte Zersplitterung zurückfallenden und einem unter der Achsenführung sich neu ordnenden Europa, sondern nur die zwischen einem unter dem militärischen Schutz der Achse stehenden und einem bolschewistischen Europa."
Therefore the world doesn't face the choice between falling back into its old divisions or joining a New Axis Order, but only the choice between accepting the military protection of the Axis or becoming Communist.
[2] https://en.wikipedia.org/wiki/The_Decline_of_the_West
The propaganda importance of a Faustian West in decline to be replaced by a Caesarian successor was noted by Linebarger, http://www.gutenberg.org/files/48612/48612-h/48612-h.htm#Pag...
> "... in the political warfare field, [the Germans] succeeded in making large sections of world opinion believe that the world's future was a choice between Communism and Fascism. Since they and the Communists agreed on this the point seemed well taken. Actually, there is no historical or economic justification for supposing that those two forms of dictatorship constitute a real choice in the first place, or that the civilized and truly free countries need ever depart from their ancient freedoms in the second place."
I believe this report of a false dichotomy because it (enforced by armed private militiamen!) was also noted by Weil.