Economic Collapse Quotes

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Only a psychopath would ever think of doing these things, only a psychopath would dream of abusing other people in such a way, only a psychopath would treat people as less than human just for money. The shocking truth is, even though they now have most if not all of the money, they want still more, they want all of the money that you have left in your pockets, they want it all because they have no empathy with other people, with other creatures, they have no feeling for the world which they exploit, they have no love or sense of being or belonging for their souls are dead, dead to all things but greed and a desire to rule over others.
Arun D. Ellis (Corpalism)
Our economic system and our planetary system are now at war. Or, more accurately, our economy is at war with many forms of life on earth, including human life. What the climate needs to avoid collapse is a contraction in humanity’s use of resources; what our economic model demands to avoid collapse is unfettered expansion. Only one of these sets of rules can be changed, and it’s not the laws of nature.
Naomi Klein (This Changes Everything: Capitalism vs. The Climate)
After the collapse of socialism, capitalism remained without a rival. This unusual situation unleashed its greedy and - above all - its suicidal power. The belief is now that everything - and everyone - is fair game.
Günter Grass
The economics of industrialized countries would collapse if women didn't do the work they do for free: According to economist Marilyn Waring, throughout the West it generates between 25 and 40 percent of the gross national product.
Naomi Wolf (The Beauty Myth)
If people feel lost and alone and helpless and broken and hopeless today, what will it be like if the world really begins to come apart at the hinges?
Brandon Andress (And Then the End Will Come!: But Five Things You Need to Know in the Meantime)
Oil may run out, liquidity may dry up, but as long as ink flows freely, the next chapter of Life will continue to be written.
Alex Morritt (Impromptu Scribe)
If we want to survive this economic collapse, new mandatory school subjects should be eCommerce, Chinese, spirituality and aesthetics.
Robin Sacredfire
Man steps on an ant when he can't catch the fly.
Bill Gaede
You take away economic security and the whole pack of cards collapses. Everyone is at each other’s throats. All these vaunted bourgeois values that prop up society – love, duty, honour, respect – all rest on power-relations lubricated by economics. They are the gloss people put on the naked truth: self-interest.
Neel Mukherjee (The Lives of Others)
If you owe ten pounds to the Bank of England, you get thrown in jail, but if you owe a million pounds, they invite you to sit on the Board
Philippe Riès
Until Americans stop getting distracted by the Republicans v/s Democrats melodrama, America will move forward towards war, empire & eventually collapse.
Ziad K. Abdelnour (Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics)
To me, the conclusion that the public has the ultimate responsibility for the behavior of even the biggest businesses is empowering and hopeful, rather than disappointing. My conclusion is not a moralistic one about who is right or wrong, admirable or selfish, a good guy or a bad guy. My conclusion is instead a prediction, based on what I have seen happening in the past. Businesses have changed when the public came to expect and require different behavior, to reward businesses for behavior that the public wanted, and to make things difficult for businesses practicing behaviors that the public didn't want. I predict that in the future, just as in the past, changes in public attitudes will be essential for changes in businesses' environmental practices.
Jared Diamond (Collapse: How Societies Choose to Fail or Succeed)
We live in a time of turmoil. Earthquakes and tsunamis wreak devastation, governments collapse, economic stresses are severe, the family is under attack, and divorce rates are rising. We have great cause for concern. But we do not need to let our fears displace our faith. We can combat those fears by strengthening our faith.
Russell M. Nelson
They all had a thousand good economic and political reasons why they couldn’t stop. I’m not a politician or a businessman; how am I supposed to persuade them about these things. What are we supposed to do; quite likely the world will collapse and disappear under water; but at least that will happen for political and economic reasons we can all understand, at least it will happen with the help of science, technology and public opinion, with human ingenuity of all sorts! Not some cosmic catastrophe but just the same old reasons to do with the struggle for power and money and so on. There’s nothing we can do about that.
Karel Čapek (War with the Newts)
Copies have been dethroned; the economic model built on them is collapsing. In a regime of superabundant free copies, copies are no longer the basis of wealth. Now relationships, links, connections, and sharing are. Value has shifted away from a copy toward the many ways to recall, annotate, personalize, edit, authenticate, display, mark, transfer, and engage a work. Art is a conversation, not a patent office. The citation of sources belongs to the realms of journalism and scholarship, not art. Reality can’t be copyrighted.
David Shields (Reality Hunger: A Manifesto)
Today, the rich are the haves and the poor are the have-nots. Tomorrow, the rich will be the have-food and the poor will be the have-not food.
Bill Gaede (Why God Doesn't Exist)
When governments fear the people there is liberty. When the people fear the government there is tyranny." -Thomas Jefferson
Mark Goodwin (American Exit Strategy (The Economic Collapse, #1))
The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government - lest it come to dominate our lives and interests.” -Patrick Henry
Mark Goodwin (American Meltdown (The Economic Collapse, #2))
I propose that the forces of corporate totalitarianism are deliberately destroying this entire world in order to sell their simulated version of it back to us at a profit.
Diane Harvey
The plague did not lead to Europe’s economic collapse. Rather, Europe’s currency-driven economic collapse led to the plague.
Douglas Rushkoff (Life Inc.: How the World Became a Corporation and How to Take it Back)
You have to distinguish between two things - the Swedish economy and the Swedish stock market. The Swedish economy is the sum of all the goods and services that are produced in this country every day. There are telephones from Ericsson, cars from Volvo, chickens from Scan, and shipments from Kiruna to Skovde. That's the Swedish economy, and it's just as strong or weak today as it was a week ago... The Stock Exchange is something very different. There is no economy and no production of goods and services. There are only fantasies in which people from one hour to the next decide that this or that company is worth so many billions, more or less. It doesn't have a thing to do with the Swedish economy.
Stieg Larsson (The Girl with the Dragon Tattoo (Millennium, #1))
The collapse of communism and a recognition of its economic and humanitarian catastrophes took the romance out of revolutionary violence and cast doubt on the wisdom of redistributing wealth at the point of a gun.
Steven Pinker (The Better Angels of Our Nature: Why Violence Has Declined)
Another myth of necessity is that killing is an economic imperative. While an economic motive has driven many violent ideologies--the economy of the New World was largely buttressed by slavery, and the plundering of gold and other assests as well as the unpaid labor of Nazi victims financed the German war machine--that doesn't mean the economy would collapse were the killing to cease. It is far more likely that the economic status quo would break down; the carnistic-corporate power structure, rather than the citizenry, would suffer were carnism abolished.
Melanie Joy (Why We Love Dogs, Eat Pigs, and Wear Cows: An Introduction to Carnism)
Reification, the essential tendency of capitalism, can never be wholly realized. If it were, if the system were actually able to change individuals into things moved only by economic “forces,” it would collapse not in the long run, but immediately. The struggle of people against reification is, just as much as the tendency towards reification, the condition for the functioning of capitalism. Capitalism can function only by continually drawing upon the genuinely human activity of those subject to it, while at the same time trying to level and dehumanize them as much as possible.
Cornelius Castoriadis (The Imaginary Institution of Society)
I agree that it seems vulgar, decadent, even epistemically violent, to invest energy in the trivialities of sex and friendship when human civilization is facing collapse. But at the same time, that is what I do every day. We can wait, if you like, to ascend to some higher plane of being, at which point we’ll start directing all our mental and material resources toward existential questions and thinking nothing of our own families, friends and lovers and so on. But we’ll be waiting, in my opinion, a long time. And, in fact, we’ll die first. After all, when people are lying on their deathbeds, don’t they always start talking about their spouses and children? And isn’t death just the apocalypse in the first person? So, in that sense, there is nothing bigger than what you so derisively call “breaking up and staying together,” because at the end of our lives, when there is nothing left in front of us, it’s still the only thing we want to talk about. Maybe we’re just born to love and worry about the people we know and to go on loving and worrying, even when there are more important things we should be doing. And if that means the human species is going to die out, isn’t it -- in a way -- a nice reason to die out? The nicest reason you can imagine? Because when we should have been reorganizing the distribution of the world’s resources and transitioning collectively to a sustainable economic model, we were worrying about sex and friendship instead. Because we loved each other too much, and found each other too interesting. And I love that about humanity. And in fact it’s the very reason I root for us to survive -- because we are so stupid about each other.
Sally Rooney (Beautiful World, Where Are You)
Embracing/attacking other communities won't change the facts. Our people are in this quagmire because we ignored education & elected clueless despots who inturn have presided over the worst economic crimes in the history of the continent. Whom did you elect?
Don Santo
We are on the edge of economic collapse unless we wake up and forcibly take back control of our government and economy. Over the past 100 years, the game has been rigged, slowly and piecemeal at first, always in the name of serving the greater good, preventing the next bubble or providing greater transparency and security. It is as if the American people are suffering from battered spouse syndrome; the politicians, the greedy bankers, and the Fed all lie to us while they steal our wealth and our liberty. Every time we call them on it, they promise to never do it again if we’ll just give them one more chance. So we let it slide and then act shocked when they do it to us again. Maybe we should have our collective head examined.
Ziad K. Abdelnour (Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics)
Housework’s modern status,” writes Ann Oakley, “is nonwork.” A recent study shows that if housework done by married women were paid, family income would rise by 60 percent. Housework totals forty billion hours of France’s labor power. Women’s volunteer work in the United States amounts to $18 billion a year. The economics of industrialized countries would collapse if women didn’t do the work they do for free: According to economist Marilyn Waring, throughout the West it generates between 25 and 40 percent of the gross national product.
Naomi Wolf (The Beauty Myth: How Images of Beauty Are Used Against Women)
It is worse, much worse, than you think. The slowness of climate change is a fairy tale, perhaps as pernicious as the one that says it isn’t happening at all, and comes to us bundled with several others in an anthology of comforting delusions: that global warming is an Arctic saga, unfolding remotely; that it is strictly a matter of sea level and coastlines, not an enveloping crisis sparing no place and leaving no life undeformed; that it is a crisis of the “natural” world, not the human one; that those two are distinct, and that we live today somehow outside or beyond or at the very least defended against nature, not inescapably within and literally overwhelmed by it; that wealth can be a shield against the ravages of warming; that the burning of fossil fuels is the price of continued economic growth; that growth, and the technology it produces, will allow us to engineer our way out of environmental disaster; that there is any analogue to the scale or scope of this threat, in the long span of human history, that might give us confidence in staring it down. None of this is true. But let’s begin with the speed of change. The earth has experienced five mass extinctions before the one we are living through now, each so complete a wiping of the fossil record that it functioned as an evolutionary reset, the planet’s phylogenetic tree first expanding, then collapsing, at intervals, like a lung: 86 percent of all species dead, 450 million years ago; 70 million years later, 75 percent; 125 million years later, 96 percent; 50 million years later, 80 percent; 135 million years after that, 75 percent again. Unless you are a teenager, you probably read in your high school textbooks that these extinctions were the result of asteroids. In fact, all but the one that killed the dinosaurs involved climate change produced by greenhouse gas. The most notorious was 250 million years ago; it began when carbon dioxide warmed the planet by five degrees Celsius, accelerated when that warming triggered the release of methane, another greenhouse gas, and ended with all but a sliver of life on Earth dead. We are currently adding carbon to the atmosphere at a considerably faster rate; by most estimates, at least ten times faster. The rate is one hundred times faster than at any point in human history before the beginning of industrialization. And there is already, right now, fully a third more carbon in the atmosphere than at any point in the last 800,000 years—perhaps in as long as 15 million years. There were no humans then. The oceans were more than a hundred feet higher.
David Wallace-Wells (The Uninhabitable Earth: Life After Warming)
The progressive Left can be in favor of Big Government or population control but not both. The mutual incompatibility is about to plunge Europe into societal collapse. There is no precedent in human history for economic growth on declining human capital - and that's before anyone invented unsustainable welfare systems.
Mark Steyn (America Alone: The End of the World as We Know It)
Out of the slaughter of some 20,000 Communards, out of military defeat and economic collapse, what had in fact emerged was a regime whose capacity for government had been doubtful from its inception. So much, indeed, was this the case that within three years a society brought to the brink of ruin was clamoring for a dictator.
Hannah Arendt (The Origins of Totalitarianism)
The best fact I know is that kindred souls collect like dew to morning thistle. So if any of this gets out of hand, or collapses to pillars of bromide and dust, or our solitary struggle is cheapened and dashed, I'll die knowing we were all stupid in stupid togetherness, and the allure, lustre, good in that phrase consoles my wanting spirit, that we made it all too messy, but kicked out the jams in the process.
Kirk Marshall (A Solution to Economic Depression in Little Tokyo, 1953)
Despite our accumulation of material wealth, humanity is now engulfed by a widespread economic collapse. Many areas of production exhibit regressive trends so that visible epicentres of decay are growing on all sides and threatening humanity itself. Despite all the research no means can be found to prevent humanity from decaying alive. This is no more than the just and legitimate consequence of human activity. Knowing nothing of Nature's omnipotent laws, and with mindless greed, humanity claws into the life-giving organism of Mother Earth. She is now, with elemental power, beginning to paralyse the wanton hand that dared disturb the forces that serve all Creation.
Viktor Schauberger
Being resolute today means to act within the framework of political and social pluralism and the rule of law to provide conditions for continued reform and prevent a breakdown of the state and economic collapse, prevent the elements of chaos from becoming catastrophic. All this requires taking certain tactical steps, to search for various ways of addressing both short- and long-term tasks. Such efforts and political and economic steps, agreements based on reasonable compromise, are there for everyone to see.
Mikhail Gorbachev
The true Republican Party began as the Jeffersonian-Republicans. Small government, state sovereignty, non-intervention and no federal bank that can tax the citizens through inflationary money creation to be spent on the profligate lifestyle of an obese state.
Mark Goodwin (American Exit Strategy (The Economic Collapse, #1))
[Walmart]s largest innovation consists in getting rid of the central Fordist principle of paying the workers enough so that they can afford to buy what they manufacture. Instead, WalMart has pioneered the inverse principle: paying the workers so little that they cannot afford to shop anywhere other than at WalMart. It might even be said, not too hyperbolically, that WalMart has singlehandedly preserved the American economy from total collapse, in that their lowered prices are the only thing that has allowed millions of the “working poor” to retain the status of consumers at all, rather than falling into the “black hole” of total immiseration. WalMart is part and parcel of how the “new economy” has largely been founded upon transferring wealth from the less wealthy to the already-extremely-rich.
Steven Shaviro
To disarm the people is the best and most effectual way to enslave them." -George Mason - Father of the Bill of Rights
Mark Goodwin (American Exit Strategy (The Economic Collapse, #1))
People were lost and people were scared and their lynch ropes couldn't reach bankers or stockbrokers, so they looked for targets closer to home.
Dennis Lehane (Live by Night (Coughlin, #2))
By failing to prepare, you are preparing to fail." -Benjamin Franklin
Mark Goodwin (American Meltdown (The Economic Collapse, #2))
Why did I start duck farming? Because these are the days of decay, after the days of decadence. The first is a result of the second.
Jarod Kintz (Music is fluid, and my saxophone overflows when my ducks slosh in the sounds I make in elevators.)
I predicted The Financial Crisis of 2008 way back in 2010. In about a month it will be 2024, and you won't believe what I see coming.
Jarod Kintz (Powdered Saxophone Music)
Higher prices are the symptom, not the cause, of currency collapse.
James Rickards (Currency Wars: The Making of the Next Global Crisis)
I don’t think I’d have wanted to be around during a dark age. It’s odd, though. They had interstellar flight. And data retrieval and everything.” Gabe nodded. “None of it matters if you have an unstable society and tin-pot dictators. They had several hundred years of economic collapse. Widespread poverty. A few people at the top had all the money and influence. They had terrible overpopulation, struggles over water and resources. Civil wars. And widespread illiteracy.” The thirty-second to the thirty-ninth century. “It’s a wonder we survived.
Jack McDevitt (Coming Home (Alex Benedict, #7))
The Profit function: Individual profits cause collective growth and prosperity. It is necessary for individual people and businesses to profit in a Permaculture Economy where justice is maintained and fairly applied. Profits are earned when efficiency is mastered. With profits, individuals invest in (a) new and innovative means of production which will allow more profits, or (b) buying products and services from other individuals who are also seeking profit by providing value. Profits also incentivize individuals to be productive participants in society to begin with. If there will be no profit in an activity, business or industry, then individuals will decline participation in that activity, business or industry. Since profits are only possible when buyers are satisfied with the productivity of sellers, then it is also true that an individuals willingness to participate in an activity, business or industry is preceded by the buyers satisfaction which allows the seller to profit. But when buyers are dissatisfied and decline participation, it forces sellers to decline participation. Inversely, if profits are eradicated through the force of price-controls by the government, then sellers will decline participation which then causes buyers to decline participation. And when both sellers and buyers decline participation, then whole industries and economies collapse.
Hendrith Vanlon Smith Jr. (Principles of a Permaculture Economy)
But you said that if the U.S. were to fall or founder during your lifetime, collapse economically, be overrun by an aggressor, or corrupt from within into something vicious, you would weep. I
Lionel Shriver (We Need to Talk About Kevin)
Executives consistently report that their hardest experiences, the stretches that most challenged them, were the most helpful. A. G. Lafley, CEO of Procter & Gamble, was in charge of the company’s Asian operations during a major Japanese earthquake and the Asian economic collapse. He says that’s when he discovered that “you learn ten times more in a crisis than during normal times.” His
Geoff Colvin (Talent is Overrated: What Really Separates World-Class Performers from Everybody Else)
In many ways, industrialization is a straitjacket. The suite of industrial technologies improves literacy and mobility and reach and wealth and health, but without the inputs of oil, natural gas, iron ore, phosphates, bauxite, lead, copper, and so on, the whole process collapses in upon itself.
Peter Zeihan (Disunited Nations: Succeeding in a World Where No One Gets Along)
All along, he had believed instinctually that his broken heart had something to do with the collapse of culture. He wanted to blame it on economics instead of on the fact that she was a fucking bitch.
Sarah Schulman (Empathy)
The Marshall Plan was the ultimate weapon deployed on this economic front. After the war, the German economy was in crisis, threatening to bring down the rest of Western Europe. Meanwhile, so many Germans were drawn to socialism that the U.S. government opted to split Germany into two parts rather than risk losing it all, either to collapse or to the left. In West Germany, the U.S. government used the Marshall Plan to build a capitalist system that was not meant to create fast and easy new markets for Ford and Sears but, rather, to be so successful on its own terms that Europe’s market economy would thrive and socialism would be drained of its appeal.
Naomi Klein (The Shock Doctrine: The Rise of Disaster Capitalism)
People aren't pissed just to be pissed. They're mad because a tiny group of crooks on Wall Street built themselves beach houses in the Hamptons through a crude fraud scheme that decimated their retirement funds, caused property values in their neighborhoods to collapse and caused over four million people to be put in foreclosure.
Matt Taibbi
The collapse of order brings in its wake the four horsemen of the apocalypse - famine, war, pestilence, and death. Population declines, and wages increase, while rents decrease. As incomes of commoners recover, the fortunes of the upper classes hit the bottom. Economic distress of the elites and lack of effective government feed the continuing internecine wars. But civil wars thin the ranks of the elites. Some die in factional fighting, others succumb to feuds with neighbors, and many just give up on trying to maintain their noble status and quietly slip into the ranks of the commoners. Intra-elite competition subsides, allowing order to be restored. Stability and internal peace bring prosperity, and another secular cycle begins. 'So peace brings warre and warre brings peace.
Peter Turchin (War and Peace and War: The Rise and Fall of Empires)
Mark Spitz had met plenty of the divine-retribution folks over the months. This was their moment; they were umbrella salesmen standing outside a subway entrance in a downpour. The human race deserved the plague, we brought it on ourselves for poisoning the planet, for the Death of God, the calculated brutalities of the global economic system, for driving primordial species to extinction: the entire collapse of values as evidenced by everything from nuclear fission to reality television to alternate side of the street parking. Mark Spitz could only endure these harangues for a minute or two before he split. It was boring.The plague was the plague. You were wearing galoshes, or you weren't.
Colson Whitehead (Zone One)
Yes, collapse. An economy is a living thing. It's born full of vitality and dies once it's rigid and worn out. Then, through necessity, people break into smaller economic groups and the cycle begins anew, but with more economies. Baby economies, like Artemis is right now." "Huh," I said. "And if you want to make babies, somebody's got to get fucked.
Andy Weir (Artemis)
In the same way that monoculture farms are susceptible to disease; economies that only have one dominant industry are susceptible to collapse. Healthy economies are diverse economies that host a multitude of industries and types of businesses.
Hendrith Vanlon Smith Jr.
If you buy an S&P 500 index fund, your investment is highly diversified and its performance will match that of 500 leading U.S. corporations' stocks. Is it possible to lose all of your money? Yes, but the odds of that happening are slim and none. If 500 leading U.S. corporations all have their stock prices plummet to zero, the value of your investment portfolio will be the least of your problems. An economic collapse of that magnitude would make the Great Depression look like Lifestyles of the Rich and Famous.
Taylor Larimore (The Bogleheads' Guide to Investing)
Be courteous to all but intimate with few, and let those few be well tried before you give them your confidence; true friendship is a plant of slow growth, and must undergo and withstand the shocks of adversity before it is entitled to appellation.” - George Washington
Mark Goodwin (American Exit Strategy (The Economic Collapse, #1))
After the New Deal, economists began referring to America’s retirement-finance model as a “three-legged stool.” This sturdy tripod was composed of Social Security, private pensions, and combined investments and savings. In recent years, of course, two of those legs have been kicked out. Many Americans saw their assets destroyed by the Great Recession; even before the economic collapse, many had been saving less and less. And since the 1980s, employers have been replacing defined-benefit pensions that are funded by employers and guarantee a monthly sum in perpetuity with 401(k) plans, which often rely on employee contributions and can run dry before death. Marketed as instruments of financial liberation that would allow workers to make their own investment choices, 401(k)s were part of a larger cultural drift in America away from shared responsibilities toward a more precarious individualism. Translation: 401(k)s are vastly cheaper for companies than pension plans. “Over the last generation, we have witnessed a massive transfer of economic risk from broad structures of insurance, including those sponsored by the corporate sector as well as by government, onto the fragile balance sheets of American families,” Yale political scientist Jacob S. Hacker writes in his book The Great Risk Shift. The overarching message: “You are on your own.
Jessica Bruder (Nomadland: Surviving America in the Twenty-First Century)
We therefore have a good chance of overcoming the problem of resource scarcity. The real nemesis of the modern economy is ecological collapse. Both scientific progress and economic growth take place within a brittle biosphere, and as they gather steam, so the shock waves destabilise the ecology. In
Yuval Noah Harari (Homo Deus: A History of Tomorrow)
Bottom line: the world we know is eminently fragile. And that’s when it is working to design. Today’s economic landscape isn’t so much dependent upon as it is eminently addicted to American strategic and tactical overwatch. Remove the Americans, and long-haul shipping degrades from being the norm to being the exception. Remove mass consumption due to demographic collapses and the entire economic argument for mass integration collapses. One way or another, our “normal” is going to end, and end soon.
Peter Zeihan (The End of the World is Just the Beginning: Mapping the Collapse of Globalization)
Depressions are indeed one of the states a capitalist economy can fall into. An economic theory that does not incorporate that possibility is as relevant as a theory of biology that excludes the risk of extinctions, a theory of the body that excludes the risk of heart attacks, or a theory of bridge-building that excludes the risk of collapse.
Martin Wolf (The Shifts and the Shocks: What we've learned – and have still to learn – from the financial crisis)
Well before the collapse of the Soviet bloc, Ludwig von Mises showed that far from representing the only rational economic system that could remedy the “anarchy” of the market, the socialist planned economy is utterly irrational. Its irrationality is due to the elimination of the essential indices for determining rational production and distribution – namely, prices.
Michael Rectenwald (Springtime for Snowflakes: Social Justice and Its Postmodern Parentage)
The world currently has two reasonably disturbing and disturbingly reasonable examples as to what this unraveling might look like: Zimbabwe and Venezuela. In both cases mismanagement par excellence destroyed the ability of both countries to produce their for-export goods—foodstuffs in the case of Zimbabwe, oil and oil products in the case of Venezuela—resulting in funds shortages so extreme, the ability of the countries to import largely collapsed. In Zimbabwe, the end result was more than a decade of negative economic growth, generating outcomes far worse than those of the Great Depression, with the bulk of the population reduced to subsistence farming. Venezuela wasn’t so . . . fortunate. It imported more than two-thirds of its foodstuffs before its economic collapse. Venezuelan oil production dropped so much, the country even lacks sufficient fuel to sow crops, contributing to the worst famine in the history of the Western Hemisphere. I don’t use these examples lightly. The word you are looking for to describe this outcome isn’t “deglobalize” or even “deindustrialize,” but instead “decivilize.
Peter Zeihan (The End of the World is Just the Beginning: Mapping the Collapse of Globalization)
If AI and 3-D printers indeed take over from the Bangladeshis and Bangalorians, the revenues that previously flowed to South Asia will now fill the coffers of a few tech giants in California. Instead of economic growth improving conditions all over the world, we might see immense new wealth created in high-tech hubs such as Silicon Valley, while many developing countries collapse.
Yuval Noah Harari (21 Lessons for the 21st Century)
The older America, until the 1890s and in some respects until 1914, was wrapped in the security of continental isolation, village society, the Protestant denominations, and a flourishing industrial capitalism. But reluctantly, year by year, over several decades, it has been drawn into the twentieth century and forced to cope with its unpleasant realities: first the incursions of cosmopolitanism and skepticism, then the disappearance of American isolation and easy military security, the collapse of traditional capitalism and its supplementation by a centralized welfare state, finally the unrelenting costs and stringencies of the Second World War, the Korean War, and the cold war. As a consequence, the heartland of America, filled with people who are often fundamentalist in religion, nativist in prejudice, isolationist in foreign policy, and conservative in economics, has constantly rumbled with an underground revolt against all these tormenting manifestations of our modern predicament.
Richard Hofstadter
Most people think of the Bretton Woods system as a sort of Pax Americana. The American Century, if you will. But that’s simply not the case. The entire concept of the Order is that the United States disadvantages itself economically in order to purchase the loyalty of a global alliance. That is what globalization is. The past several decades haven’t been an American Century. They’ve been an American sacrifice.
Peter Zeihan (The End of the World is Just the Beginning: Mapping the Collapse of Globalization)
Even a relatively mild inflation distorts the structure of production. It leads to the overexpansion of some industries at the expense of others. This involves a misapplication and waste of capital. When the inflation collapses, or is brought to a halt, the misdirected capital investment—whether in the form of machines, factories or office buildings—cannot yield an adequate return and loses the greater part of its value.
Henry Hazlitt (Economics in One Lesson: The Shortest and Surest Way to Understand Basic Economics)
People in their natural condition are incapable on their own of seeing the spiritual reality within which they struggle. They see only what appear to be social, political, or economic problems, and they try to work within this appearance using technical means and moral criteria. In this way they end up in situations that are always more false and complicated, until what they have called their civilization reaches the point of collapse.
Jacques Ellul (Presence in the Modern World: A New Translation)
No doubt you will be delighted to hear from an adept who has undertaken the operation of his H.G.A. in accord with our traditions. The operation began auspiciously with a chromatic display of psychosomatic symptoms, and progressed rapidly to acute psychosis. The operator has alternated satisfactorily between manic hysteria and depressing melancholy stupor on approximately 40 cycles, and satisfactory progress has been maintained in social ostracism, economic collapses and mental disassociation. These statements are mentioned not in any vainglorious spirit of conceit, but rather that they may serve as comfort and inspiration to other aspirants on the Path. Now I'm off to the wilds of Mexico for a period, also in pursuit of the elusive H.G.A. before winding up in the guard finally via the booby hotels, the graveyard, or—? If the final, you can tell all the little Practicuses that I wouldn't have missed it for anything. —No one. Once called 210
Jack Whiteside Parsons (Sex and Rockets: The Occult World of Jack Parsons)
But liberalism has no obvious answers to the biggest problems we face: ecological collapse and technological disruption. Liberalism traditionally relied on economic growth to magically solve difficult social and political conflicts. Liberalism reconciled the proletariat with the bourgeoisie, the faithful with atheists, natives with immigrants, and Europeans with Asians by promising everybody a larger slice of the pie. With a constantly growing pie, that was possible. However, economic growth will not save the global ecosystem; just the opposite, in fact, for economic growth is the cause of the ecological crisis. And economic growth will not solve technological disruption, for it is predicated on the invention of more and more disruptive technologies.
Yuval Noah Harari (21 Lessons for the 21st Century)
The complete collapse of the belief in the attainability of freedom and equality through Marxism,” writes Peter Drucker, “has forced Russia to travel the same road toward a totalitarian, purely negative, non-economic society of unfreedom and inequality which Germany has been following. Not that communism and fascism are essentially the same. Fascism is the stage reached after communism has proved an illusion, and it has proved as much an illusion in Stalinist Russia as in pre-Hitler Germany.”9 No less significant
Friedrich A. Hayek (The Road to Serfdom)
Their conversation ceased abruptly with the entry of an oddly-shaped man whose body resembled a certain vegetable. He was a thickset fellow with calloused and jaundiced skin and a patch of brown hair, a frizzy upheaval. We will call him Bell Pepper. Bell Pepper sidled up beside The Drippy Man and looked at the grilled cheese in his hand. The Drippy Man, a bit uncomfortable at the heaviness of the gaze, politely apologized and asked Bell Pepper if he would like one. “Why is one of your legs fatter than the other?” asked Bell Pepper. The Drippy Man realized Bell Pepper was not looking at his sandwich but towards the inconsistency of his leg sizes. “You always get your kicks pointing out defects?” retorted The Drippy Man. “Just curious. Never seen anything like it before.” “I was raised not to feel shame and hide my legs in baggy pants.” “So you flaunt your deformity by wearing short shorts?” “Like you flaunt your pockmarks by not wearing a mask?” Bell Pepper backed away, kicking wide the screen door, making an exit to a porch over hanging a dune of sand that curved into a jagged upward jab of rock. “He is quite sensitive,” commented The Dry Advisor. “Who is he?” “A fellow who once manipulated the money in your wallet but now curses the fellow who does.
Jeff Phillips (Turban Tan)
Thus the Russian working class had contradictory characteristics for a Marxist diagnosing its revolutionary potential. Yet the empirical evidence of the period from the 1890s to 1914 suggests that in fact Russia's working class, despite its close links with the peasantry, was exceptionally militant and revolutionary. Large-scale strikes were frequent, the workers showed considerable solidarity against management and state authority, and their demands were usually political as well as economic. In the 1905 Revolution, the workers of St Petersburg and Moscow organized their own revolutionary institutions, the soviets, and continued the struggle after the Tsar's constitutional concessions in October and the collapse of the middle-class liberals' drive against the autocracy
Sheila Fitzpatrick (The Russian Revolution 1917-1932)
While a good story must give me a role, and must extend beyond my horizons, it need not be true. A story can be pure fiction, and yet provide me with an identity and make me feel that my life has meaning. Indeed, to the best of our scientific understanding, none of the thousands of stories that different cultures, religions and tribes have invented throughout history is true. They are all just human inventions. If you ask for the true meaning of life and get a story in reply, know that this is the wrong answer. The exact details don’t really matter. Any story is wrong, simply for being a story. The universe just does not work like a story. So why do people believe in these fictions? One reason is that their personal identity is built on the story. People are taught to believe in the story from early childhood. They hear it from their parents, their teachers, their neighbours and the general culture long before they develop the intellectual and emotional independence necessary to question and verify such stories. By the time their intellect matures, they are so heavily invested in the story, that they are far more likely to use their intellect to rationalise the story than to doubt it. Most people who go on identity quests are like children going treasure hunting. They find only what their parents have hidden for them in advance. Second, not only our personal identities but also our collective institutions are built on the story. Consequently, it is extremely frightening to doubt the story. In many societies, anyone who tries to do so is ostracised or persecuted. Even if not, it takes strong nerves to question the very fabric of society. For if indeed the story is false, then the entire world as we know it makes no sense. State laws, social norms, economic institutions – they might all collapse.
Yuval Noah Harari (21 Lessons for the 21st Century)
Karl Marx already saw this in his time, writing in the Communist Manifesto: Wherever the bourgeoisie has come to dominate, it has destroyed all feudal, patriarchal, idyllic conditions. It has pitilessly torn asunder the motley bands that attached man to his natural superior, leaving no other bond between man than naked self-interest, inexorable “cash payment.” It has drowned the most heavenly ecstasies of religious fervor, of chivalrous enthusiasm, of philistine sentimentality in the icy water of egotistical calculation.
Piero San Giorgio (Survive -- The Economic Collapse)
The fundamental axiom of economics is the human mercenary instinct. Without that assumption, the entire field would collapse. There isn’t any fundamental axiom for sociology yet, but it might be even darker than economics. The truth always picks up dust. A small number of people could fly off into space, but if we knew it would come to that, why would we have bothered in the first place?” “Bothered with what?” “Why would we have had the Renaissance? Why the Magna Carta? Why the French Revolution? If humanity had stayed divided into classes, kept in place by the law’s iron rule, then when the time came, the ones who needed to leave would leave, and the ones who had to stay behind would stay. If this took place in the Ming or Qing Dynasties, then I’d leave, of course, and you’d stay behind. But that’s not possible now.
Liu Cixin (The Dark Forest (Remembrance of Earth’s Past, #2))
the gold standard was incapable of preventing the sort of financial booms and busts that were, and continue to be, such a feature of the economic landscape. These bubbles and crises seem to be deep-rooted in human nature and inherent to the capitalist system. By one count there have been sixty different crises since the early seventeenth century—the first documented bank panic can, however, be dated to A.D. 33 when the Emperor Tiberius had to inject one million gold pieces of public money into the Roman financial system to keep it from collapsing.
Liaquat Ahamed (Lords of Finance: The Bankers Who Broke the World)
As UC Berkeley economics professor Brad DeLong put it to me: You get famine if the price of food spikes far beyond that of some people's means. This can be because food is short, objectively. This can be because the rich have bid the resources normally used to produce food away to other uses. You also get famine when the price of food is moderate if the incomes of large groups collapse.... In all of this, the lesson is that a properly functioning market does not seek to advance human happiness but rather to advance human wealth. What speaks in the market is money: purchasing power. If you have no money, you have no voice in the market. The market acts as if it does not know you exist and does not care whether you live or die. DeLong describes a marketplace that leaves people to die - not out of malice , but out of indifference.
Annalee Newitz (Scatter, Adapt, and Remember: How Humans Will Survive a Mass Extinction)
In 1939 war was probably a counterproductive move for the Axis powers – yet it did not save the world. One of the astounding things about the Second World War is that following the war the defeated powers prospered as never before. Twenty years after the complete annihilation of their armies and the utter collapse of their empires, Germans, Italians and Japanese were enjoying unprecedented levels of affluence. Why, then, did they go to war in the first place? Why did they inflict unnecessary death and destruction on countless millions? It was all just a stupid miscalculation. In the 1930s Japanese generals, admirals, economists and journalists concurred that without control of Korea, Manchuria and the Chinese coast, Japan was doomed to economic stagnation.8 They were all wrong. In fact, the famed Japanese economic miracle began only after Japan lost all its mainland conquests.
Yuval Noah Harari (21 Lessons for the 21st Century)
On the farm, having children was often more an economic decision than it was about love. Children were free labor that were de facto chained to their parents’ economic needs. There was an understanding—rooted in millennia of cultural and economic norms—that children would either take over the farm as their parents aged, or at least not move all that far away. The extended family formed a tribe that consistently supported one another. This cultural-economic dynamic has held true since the dawn of recorded history, even to and through the consolidation of the world into empires and nation-states.
Peter Zeihan (The End of the World is Just the Beginning: Mapping the Collapse of Globalization)
No revolution can be successful without organization and money. "The downtrodden masses" usually provide little of the former and none of the latter. But Insiders at the top can arrange for both.   What did these people possibly have to gain in financing the Russian Revolution? What did they have to gain by keeping it alive and afloat, or, during the 1920's by pouring millions of dollars into what Lenin called his New Economic Program, thus saving the Soviets from collapse?   Why would these "capitalists" do all this? If your goal is global conquest, you have to start somewhere. It may or may not have been coincidental, but Russia was the one major European country without a central bank. In Russia, for the first time, the Communist conspiracy gained a geographical homeland from which to launch assaults against the other nations of the world. The West now had an enemy.   In the Bolshevik Revolution
Gary Allen (None Dare Call It Conspiracy)
Almost every time I speak to teenagers, particularly young female students who want to talk to me about feminism, I find myself staggered by how much they have read, how creatively they think and how curiously bullshit-resistant they are. Because of the subjects I write about, I am often contacted by young people and I see it as a part of my job to reply to all of them - and doing so has confirmed a suspicions I’ve had for some time. I think that the generation about to hit adulthood is going to be rather brilliant. Young people getting older is not, in itself, a fascinating new cultural trend. Nonetheless the encroaching adulthood and the people who grew up in a world where expanding technological access collided with the collapse of the neoliberal economic consensus is worth paying attention to. Because these kids are smart, cynical and resilient, and I don’t mind saying that they scare me a little.
Laurie Penny
History, practical experience, common sense and economic theory all agree: economic competition is probably one of the greatest ideas humans ever came up with. When people compete to achieve the same goal, great things seem to happen that otherwise would not. Things get done faster, cheaper, and better; new methods for lifting a weight or quenching a thirst are invented; the average guy ends up with more of the stuff he likes at a lower price than before. That is why, in the end, socialism collapsed like a rotten wall: it did not allow its people to compete and, as a result, it not only made their economic life miserable, but strangled their hearts and souls.
Michele Boldrin (Against Intellectual Monopoly)
‘For I was hungry and you gave me something to eat, I was thirsty and you gave me something to drink, I was a stranger and you invited me in, I needed clothes and you clothed me, I was sick and you looked after me, I was in prison and you came to visit me. Then the righteous will answer him, 'Lord, when did we see you hungry and feed you, or thirsty and give you something to drink? When did we see you a stranger and invite you in, or needing clothes and clothe you? When did we see you sick or in prison and go to visit you?' The King will reply, 'I tell you the truth, whatever you did for one of the least of these brothers of mine, you did for me.'” -Matthew 25: 35-40
Mark Goodwin (American Meltdown (The Economic Collapse, #2))
You hear it in every political speech, “vote for me, we’ll get the dream back.” They all reiterate it in similar words—you even hear it from people who are destroying the dream, whether they know it or not. But the “dream” has to be sustained, otherwise how are you going to get people in the richest, most powerful country in world history, with extraordinary advantages, to face the reality that they see around them? Inequality is really unprecedented. If you look at total inequality today, it’s like the worst periods of American history. But if you refine it more closely, the inequality comes from the extreme wealth in a tiny sector of the population, a fraction of 1 percent. There were periods like the Gilded Age in the 1890s and the Roaring Twenties and so on, when a situation developed rather similar to this, but the current period is extreme. Because if you look at the wealth distribution, the inequality mostly comes from super-wealth—literally, the top one-tenth of a percent are just super-wealthy. This is the result of over thirty years of a shift in social and economic policy. If you check you find that over the course of these years the government policy has been modified completely against the will of the population to provide enormous benefits to the very rich. And for most of the population, the majority, real incomes have almost stagnated for over thirty years. The middle class in that sense, that unique American sense, is under severe attack. A significant part of the American Dream is class mobility: You’re born poor, you work hard, you get rich. The idea that it is possible for everyone to get a decent job, buy a home, get a car, have their children go to school . . . It’s all collapsed.
Noam Chomsky (Requiem for the American Dream: The 10 Principles of Concentration of Wealth & Power)
constant marking down of her performance is wildly at odds with the reality of the minority government. Despite the government’s wafer-thin margin, the parliament is remarkably stable; but it’s depicted as though we are living through the last days of Rome. Gillard is implementing reforms and the parliament has passed a record amount of legislation—around 180 bills to date—but the press talks endlessly of a government close to collapse. Australia is economically robust compared to faltering international economies, but you’d be forgiven for thinking the Australian economy is on the point of disintegration. The media’s primary focus is on personalities and politics, not policies or the running of the country.
Kerry-Anne Walsh (Stalking of Julia Gillard: How the media and Team Rudd contrived to bring down the Prime Minister)
More than economic dependency of the wife and children on the husband and father is needed to preserve the institution of the authoritarian family [and its support of the authoritarian state]. For the suppressed classes, this dependency is endurable only on condition that the consciousness of being a sexual being is suspended as completely as possible in women and in children. The wife must not figure as a sexual being, but solely as a child-bearer. Essentially, the idealization and deification of motherhood, which are so flagrantly at variance with the brutality with which the mothers of the toiling masses are actually treated, serve as means of preventing women from gaining a sexual consciousness, of preventing the imposed sexual repression from breaking through and of preventing sexual anxiety and sexual guilt-feelings from losing their hold. Sexually awakened women, affirmed and recognized as such, would mean the complete collapse of the authoritarian ideology. Conservative sexual reform has always made the mistake of merely making a slogan of "the right of woman to her own body," and not clearly and unmistakably regarding and defending woman as a sexual being, at least as much as it regards and defends her as a mother. Furthermore, conservative sexual reform based its sexual policies predominantly on the function of procreation, instead of undermining the reactionary view that equates sexuality and procreation.
Wilhelm Reich (The Mass Psychology of Fascism)
The cultural Left has contributed to the formation of this politically useless unconscious not only by adopting “power” as the name of an invisible, ubiquitous, and malevolent presence, but by adopting ideals which nobody is yet able to imagine being actualized. Among these ideals are participatory democracy and the end of capitalism. Power will pass to the people, the Sixties Left believed only when decisions are made by all those who may be affected by the results. This means, for example, that economic decisions will be made by stakeholders rather than by shareholders, and that entrepreneurship and markets will cease to play their present role. When they do, capitalism as we know it will have ended, and something new will have taken its place. […] Sixties leftists skipped lightly over all the questions which had been raised by the experience of non market economies in the so-called socialist countries. They seemed to be suggesting that once we were rid of both bureaucrats and entrepreneurs, “the people” would know how to handle competition from steel mills or textile factories in the developing world, price hikes on imported oil, and so on. But they never told us how “the people” would learn how to do this. The cultural Left still skips over such questions. Doing so is a consequence of its preference for talking about “the system” rather than about specific social practices and specific changes in those practices. The rhetoric of this Left remains revolutionary rather than reformist and pragmatic. Its insouciant use of terms like “late capitalism” suggests that we can just wait for capitalism to collapse, rather than figuring out what, in the absence of markets, will set prices and regulate distribution. The voting public, the public which must be won over if the Left is to emerge from the academy into the public square, sensibly wants to be told the details. It wants to know how things are going to work after markets are put behind us. It wants to know how participatory democracy is supposed to function. The cultural Left offers no answers to such demands for further information, but until it confronts them it will not be able to be a political Left. The public, sensibly, has no interest in getting rid of capitalism until it is offered details about the alternatives. Nor should it be interested in participatory democracy –– the liberation of the people from the power of technocrats –– until it is told how deliberative assemblies will acquire the same know-how which only the technocrats presently possess. […] The cultural Left has a vision of an America in which the white patriarchs have stopped voting and have left all the voting to be done by members of previously victimized groups, people who have somehow come into possession of more foresight and imagination than the selfish suburbanites. These formerly oppressed and newly powerful people are expected to be as angelic as the straight white males were diabolical. If I shared this expectation, I too would want to live under this new dispensation. Since I see no reason to share it, I think that the left should get back into the business of piecemeal reform within the framework of a market economy. This was the business the American Left was in during the first two-thirds of the century. Someday, perhaps, cumulative piecemeal reforms will be found to have brought about revolutionary change. Such reforms might someday produce a presently unimaginable non market economy, and much more widely distributed powers of decision making. […] But in the meantime, we should not let the abstractly described best be the enemy of the better. We should not let speculation about a totally changed system, and a totally different way of thinking about human life and affairs, replace step-by-step reform of the system we presently have.
Richard Rorty (Achieving Our Country: Leftist Thought in Twentieth-Century America)
The ensuing crises and depressions during the decades preceding the era of imperialism42 had impressed upon the capitalists the thought that their whole economic system of production depended upon a supply and demand that from now on must come from “outside of capitalist society.”43 Such supply and demand came from inside the nation, so long as the capitalist system did not control all its classes together with its entire productive capacity. When capitalism had pervaded the entire economic structure and all social strata had come into the orbit of its production and consumption system, capitalists clearly had to decide either to see the whole system collapse or to find new markets, that is, to penetrate new countries which were not yet subject to capitalism and therefore could provide a new noncapitalistic supply and demand.
Hannah Arendt (The Origins of Totalitarianism)
With the growth of market individualism comes a corollary desire to look for collective, democratic responses when major dislocations of financial collapse, unemployment, heightened inequality, runaway inflation, and the like occur. The more such dislocations occur, the more powerful and internalized, Hayek insists, neoliberal ideology must become; it must become embedded in the media, in economic talking heads, in law and the jurisprudence of the courts, in government policy, and in the souls of participants. Neoliberal ideology must become a machine or engine that infuses economic life as well as a camera that provides a snapshot of it. That means, in turn, that the impersonal processes of regulation work best if courts, churches, schools, the media, music, localities, electoral politics, legislatures, monetary authorities, and corporate organizations internalize and publicize these norms.
William E. Connolly (The Fragility of Things: Self-Organizing Processes, Neoliberal Fantasies, and Democratic Activism)
This is not the life of simplicity but the life of multiplicity that the wise men warn us of. It leads not to unification but to fragmentation. It does not bring grace; it destroys the soul. And this is not only true of my life, I am forced to conclude; it is the life of millions of women in America. I stress America, because today, the American woman more than any other has the privilege of choosing such a life. Woman in large parts of the civilized world has been forced back by war, by poverty, by collapse, by the sheer struggle to survive, into a smaller circle of immediate time and space, immediate family life, immediate problems of existence. The American woman is still relatively free to choose the wider life. How long she will hold this enviable and precarious position no one knows. But her particular situation has a significance far above its apparent economic, national or even sex limitations.
Anne Morrow Lindbergh (Gift from the Sea)
The real nemesis of the modern economy is ecological collapse. Both scientific progress and economic growth take place within a brittle biosphere, and as they gather steam, so the shock waves destabilise the ecology. In order to provide every person in the world with the same standard of living as affluent Americans, we would need a few more planets – but we only have this one. If progress and growth do end up destroying the ecosystem, the cost will be dear not merely to vampires, foxes and rabbits, but also to Sapiens. An ecological meltdown will cause economic ruin, political turmoil, a fall in human standards of living, and it might threaten the very existence of human civilisation. We could lessen the danger by slowing down the pace of progress and growth. If this year investors expect to get a 6 per cent return on their portfolios, in ten years they will be satisfied with a 3 per cent return, in twenty years only 1 per cent, and in thirty years the economy will stop growing and we’ll be happy with what we’ve already got. Yet the creed of growth firmly objects to such a heretical idea. Instead, it suggests we should run even faster. If our discoveries destabilise the ecosystem and threaten humanity, then we should discover something to protect ourselves. If the ozone layer dwindles and exposes us to skin cancer, we should invent better sunscreen and better cancer treatments, thereby also promoting the growth of new sunscreen factories and cancer centres. If all the new industries pollute the atmosphere and the oceans, causing global warming and mass extinctions, then we should build for ourselves virtual worlds and hi-tech sanctuaries that will provide us with all the good things in life even if the planet is as hot, dreary and polluted as hell.
Yuval Noah Harari (Homo Deus: A Brief History of Tomorrow)
We all know that 97% of the money in the world doesn't exist and that's thanks to Fractional Reserve Banking, or should I say fictional reserve banking." He grinned at his own joke, his smile partly hidden by his hair, "Money is no longer attached to the Gold Standard, therefore, it isn't based on anything. So when it says, 'I promise to pay the bearer on demand ten pounds,' I have to ask, ten pounds of what?" Silence. "The world is owned by the rich shareholder, the rich superstar, the rich industrialist, the rich aristocracy." He was now marching around the stage, "It doesn't matter who or what they are, if they're rich then they own a part of the world, but they only own it because they've got lots of money. Which means they own part of the 97% of the world’s fictional money, the pretend money that only exists on a computer." He stopped abruptly and stared out at the audience, "Which means that if they cashed in their fictional nonexistent money they'd get something like this ten pound note offering to pay the bearer the sum of ten pounds of nothing." He held the note aloft, "Which means the rich have managed to buy the entire world with paper nothing that has a value of nothing and we've let them do it.
Arun D. Ellis (Daydream Believers)
The moment American bankers stop lending dollars to Argentina, the country is unable to refinance its mountain of dollar debt. Again, Greece is similar. Even though it has the same currency as Germany, the euro, the chronic Greek trade deficit with Germany translates into a constant flow of loaned euros from Germany to Greece so that the Greeks can keep buying more and more German goods. The slightest interruption in the flow of new loans from the surplus country to the deficit country causes the whole house of cards to collapse. This is when the IMF steps in. Its personnel fly into Buenos Aires or Athens, take black limousines to the finance minister’s office and state their terms: we shall lend you the missing dollars or euros on condition that you impoverish your people and sell the family silver to our mates, the oligarchs of this country and the world. Or words to that effect. That’s when TV screens fill with images of angry, and often hungry, demonstrators in Buenos Aires or Athens. Time and again history has shown that the periodic economic recessions that result from trade imbalances poison the deficit country’s democracy, incite contempt for its people in the surplus country, which then prompts xenophobia in the deficit country. Simply put, sustained trade deficits – and surpluses, their mirror image – never end well.
Yanis Varoufakis (Another Now: Dispatches from an Alternative Present)
In country after country where local moneys were abolished in favor of interest-bearing central currency, people fell into poverty, health declined, and society deteriorated12 by all measures. Even the plague can be traced to the collapse of the marketplace of the late Middle Ages and the shift toward extractive currencies and urban wage labor. The new scheme instead favored bigger players, such as chartered monopolies, which had better access to capital than regular little businesses and more means of paying back the interest. When monarchs and their favored merchants founded the first corporations, the idea that they would be obligated to grow didn’t look like such a problem. They had their nations’ governments and armies on their side—usually as direct investors in their projects. For the Dutch East India Company to grow was as simple as sending a few warships to a new region of the world, taking the land, and enslaving its people. If this sounds a bit like the borrowing advantages enjoyed today by companies like Walmart and Amazon, that’s because it’s essentially the same money system in operation, favoring the same sorts of players. Yet however powerful the favored corporations may appear, they are really just the engines through which the larger money system extracts value from everyone’s economic activity. Even megacorporations are like competing apps on a universally accepted, barely acknowledged smartphone operating system. Their own survival is utterly dependent on their ability to grow capital for their debtors and investors.
Douglas Rushkoff (Throwing Rocks at the Google Bus: How Growth Became the Enemy of Prosperity)
Future Europe’s problems are many, but four stand out. The first is energy: The Europeans are more dependent upon energy imports than the Asians, and no two major European countries think that problem can be solved the same way. The Germans fear that not having a deal with the Russians means war. The Poles want a deal with anyone but Russia. The Spanish know the only solution is in the Western Hemisphere. The Italians fear they must occupy Libya. The French want to force a deal on Algeria. The Brits are eyeing West Africa. Everyone is right. Everyone is wrong. The second is demographic: The European countries long ago aged past the point of even theoretical repopulation, meaning that the European Union is now functionally an export union. Without the American-led Order, the Europeans lose any possibility of exporting goods, which eliminates the possibility of maintaining European society in its current form. The third is economic preference: Perhaps it is mostly subconscious these days, but the Europeans are aware of their bloody history. A large number of conscious decisions were made by European leaders to remodel their systems with a socialist bent so their populations would be vested within their collective systems. This worked. This worked well. But only in the context of the Order with the Americans paying for the bulk of defense costs and enabling growth that the Europeans could have never fostered themselves. Deglobalize and Europe’s demographics and lack of global reach suggest that permanent recession is among the better interpretations of the geopolitical tea leaves. I do not see a path forward in which the core of the European socialist-democratic model can survive. The fourth and final problem: Not all European states are created equal. For every British heavyweight, there is a Greek basket case. For every insulated France, there is a vulnerable Latvia. Some countries are secure or rich or have a tradition of power projection. Others are vulnerable or poor or are little more than historical doormats. Perhaps worst of all, the biggest economic player (Germany) is the one with no options but to be the center weight of everything, while the two countries with the greatest capacity to go solo (France and the United Kingdom) hedged their bets and never really integrated with the rest of Europe. There’s little reason to expect the French to use their reach to benefit Europe, and there’s no reason to expect assistance from the British, who formally seceded from the European Union in 2020. History,
Peter Zeihan (The End of the World is Just the Beginning: Mapping the Collapse of Globalization)
No revolution can be successful without organization and money. "The downtrodden masses" usually provide little of the former and none of the latter. But Insiders at the top can arrange for both.   What did these people possibly have to gain in financing the Russian Revolution? What did they have to gain by keeping it alive and afloat, or, during the 1920's by pouring millions of dollars into what Lenin called his New Economic Program, thus saving the Soviets from collapse?   Why would these "capitalists" do all this? If your goal is global conquest, you have to start somewhere. It may or may not have been coincidental, but Russia was the one major European country without a central bank. In Russia, for the first time, the Communist conspiracy gained a geographical homeland from which to launch assaults against the other nations of the world. The West now had an enemy.   In the Bolshevik Revolution we have some of the world's richest and most powerful men financing a movement which claims its very existence is based on the concept of stripping of their wealth men like the Rothschilds, Rockefellers, Schiffs, Warburgs, Morgans, Harrimans, and Milners. But obviously these men have no fear of international Communism. It is only logical to assume that if they financed it and do not fear it, it must be because they control it. Can there be any other explanation that makes sense? Remember that for over 150 years it has been standard operating procedure of the Rothschilds and their allies to control both sides of every conflict. You must have an "enemy" if you are going to collect from the King. The East-West balance-of-power politics is used as one of the main excuses for the socialization of America. Although it was not their main purpose, by nationalization of Russia the Insiders bought themselves an enormous piece of real estate, complete with mineral rights, for somewhere between $30 and $40 million.   ----  
Gary Allen (None Dare Call It Conspiracy)
We aren’t simply looking at a demographically induced economic breakdown; we are looking at the end of a half millennium of economic history. At present, I see only two preexisting economic models that might work for the world we’re (d)evolving into. Both are very old-school: The first is plain ol’ imperialism. For this to work, the country in question must have a military, especially one with a powerful navy capable of large-scale amphibious assault. That military ventures forth to conquer territories and peoples, and then exploits said territories and peoples in whatever way it wishes: forcing conquered labor to craft products, stripping conquered territories of resources, treating conquered people as a captive market for its own products, etc. The British Empire at its height excelled at this, but to be honest, so did any other post-Columbus political entity that used the word “empire” in its name. If this sounds like mass slavery with some geographic and legal displacement between master and slave, you’re thinking in the right general direction. The second is something called mercantilism, an economic system in which you heavily restrict the ability of anyone to export anything to your consumer base, but in which you also ram whatever of your production you can down the throats of anyone else. Such ramming is often done with a secondary goal of wrecking local production capacity so the target market is dependent upon you in the long term. The imperial-era French engaged in mercantilism as a matter of course, but so too did any up-and-coming industrial power. The British famously product-dumped on the Germans in the early 1800s, while the Germans did the same to anyone they could reach in the late 1800s. One could argue (fairly easily) that mercantilism was more or less the standard national economic operating policy for China in the 2000s and 2010s (under American strategic cover, no less). In essence, both possible models would be implemented with an eye toward sucking other peoples dry, and transferring the pain of general economic dislocation from the invaders to the invaded. Getting a larger slice of a smaller pie, as it were. Both models might theoretically work in a poorer, more violent, more fractured world—particularly if they are married. But even together, some version of imperialist mercantilism faces a singular, overarching, likely condemning problem: Too many guns, not enough boots.
Peter Zeihan (The End of the World is Just the Beginning: Mapping the Collapse of Globalization)
In North America, there is no nostalgia for the postwar period, quite simply because the Trente Glorieuses never existed there: per capita output grew at roughly the same rate of 1.5–2 percent per year throughout the period 1820–2012. To be sure, growth slowed a bit between 1930 and 1950 to just over 1.5 percent, then increased again to just over 2 percent between 1950 and 1970, and then slowed to less than 1.5 percent between 1990 and 2012. In Western Europe, which suffered much more from the two world wars, the variations are considerably greater: per capita output stagnated between 1913 and 1950 (with a growth rate of just over 0.5 percent) and then leapt ahead to more than 4 percent from 1950 to 1970, before falling sharply to just slightly above US levels (a little more than 2 percent) in the period 1970–1990 and to barely 1.5 percent between 1990 and 2012. Western Europe experienced a golden age of growth between 1950 and 1970, only to see its growth rate diminish to one-half or even one-third of its peak level during the decades that followed. [...] If we looked only at continental Europe, we would find an average per capita output growth rate of 5 percent between 1950 and 1970—a level well beyond that achieved in other advanced countries over the past two centuries. These very different collective experiences of growth in the twentieth century largely explain why public opinion in different countries varies so widely in regard to commercial and financial globalization and indeed to capitalism in general. In continental Europe and especially France, people quite naturally continue to look on the first three postwar decades—a period of strong state intervention in the economy—as a period blessed with rapid growth, and many regard the liberalization of the economy that began around 1980 as the cause of a slowdown. In Great Britain and the United States, postwar history is interpreted quite differently. Between 1950 and 1980, the gap between the English-speaking countries and the countries that had lost the war closed rapidly. By the late 1970s, US magazine covers often denounced the decline of the United States and the success of German and Japanese industry. In Britain, GDP per capita fell below the level of Germany, France, Japan, and even Italy. It may even be the case that this sense of being rivaled (or even overtaken in the case of Britain) played an important part in the “conservative revolution.” Margaret Thatcher in Britain and Ronald Reagan in the United States promised to “roll back the welfare state” that had allegedly sapped the animal spirits of Anglo-Saxon entrepreneurs and thus to return to pure nineteenth-century capitalism, which would allow the United States and Britain to regain the upper hand. Even today, many people in both countries believe that the conservative revolution was remarkably successful, because their growth rates once again matched continental European and Japanese levels. In fact, neither the economic liberalization that began around 1980 nor the state interventionism that began in 1945 deserves such praise or blame. France, Germany, and Japan would very likely have caught up with Britain and the United States following their collapse of 1914–1945 regardless of what policies they had adopted (I say this with only slight exaggeration). The most one can say is that state intervention did no harm. Similarly, once these countries had attained the global technological frontier, it is hardly surprising that they ceased to grow more rapidly than Britain and the United States or that growth rates in all of these wealthy countries more or less equalized [...] Broadly speaking, the US and British policies of economic liberalization appear to have had little effect on this simple reality, since they neither increased growth nor decreased it.
Thomas Piketty (Capital in the Twenty First Century)
Say what you will of religion, but draw applicable conclusions and comparisons to reach a consensus. Religion = Reli = Prefix to Relic, or an ancient item. In days of old, items were novel, and they inspired devotion to the divine, and in the divine. Now, items are hypnotizing the masses into submission. Take Christ for example. When he broke bread in the Bible, people actually ate, it was useful to their bodies. Compare that to the politics, governments and corrupt, bumbling bureacrats and lobbyists in the economic recession of today. When they "broke bread", the economy nearly collapsed, and the benefactors thereof were only a select, decadent few. There was no bread to be had, so they asked the people for more! Breaking bread went from meaning sharing food and knowledge and wealth of mind and character, to meaning break the system, being libelous, being unaccountable, and robbing the earth. So they married people's paychecks to the land for high ransoms, rents and mortgages, effectively making any renter or landowner either a slave or a slave master once more. We have higher class toys to play with, and believe we are free. The difference is, the love of profit has the potential, and has nearly already enslaved all, it isn't restriced by culture anymore. Truth is not religion. Governments are religions. Truth does not encourage you to worship things. Governments are for profit. Truth is for progress. Governments are about process. When profit goes before progress, the latter suffers. The truest measurement of the quality of progress, will be its immediate and effective results without the aid of material profit. Quality is meticulous, it leaves no stone unturned, it is thorough and detail oriented. It takes its time, but the results are always worth the investment. Profit is quick, it is ruthless, it is unforgiving, it seeks to be first, but confuses being first with being the best, it is long scale suicidal, it is illusory, it is temporary, it is vastly unfulfilling. It breaks families, and it turns friends. It is single track minded, and small minded as well. Quality, would never do that, my friends. Ironic how dealing and concerning with money, some of those who make the most money, and break other's monies are the most unaccountable. People open bank accounts, over spend, and then expect to be held "unaccountable" for their actions. They even act innocent and unaccountable. But I tell you, everything can and will be counted, and accounted for. Peace can be had, but people must first annhilate the love of items, over their own kind.
Justin Kyle McFarlane Beau
The attachment voids experienced by immigrant children are profound. The hardworking parents are focused on supporting their families economically and, unfamiliar with the language and customs of their new society, they are not able to orient their children with authority or confidence. Peers are often the only people available for such children to latch on to. Thrust into a peer-oriented culture, immigrant families may quickly disintegrate. The gulf between child and parent can widen to the point that becomes unbridgeable. Parents of these children lose their dignity, their power, and their lead. Peers ultimately replace parents and gangs increasingly replace families. Again, immigration or the necessary relocation of people displaced by war or economic misery is not the problem. Transplanted to peer-driven North American society, traditional cultures succumb. We fail our immigrants because of our own societal failure to preserve the child-parent relationship. In some parts of the country one still sees families, often from Asia, join together in multigenerational groups for outings. Parents, grandparents, and even frail great-grandparents mingle, laugh, and socialize with their children and their children's offspring. Sadly, one sees this only among relatively recent immigrants. As youth become incorporated into North American society, their connections with their elders fade. They distance themselves from their families. Their icons become the artificially created and hypersexualized figures mass-marketed by Hollywood and the U.S. music industry. They rapidly become alienated from the cultures that have sustained their ancestors for generation after generation. As we observe the rapid dissolution of immigrant families under the influence of the peer-oriented society, we witness, as if on fast-forward video, the cultural meltdown we ourselves have suffered in the past half century. It would be encouraging to believe that other parts of the world will successfully resist the trend toward peer orientation. The opposite is likely to be the case as the global economy exerts its corrosive influences on traditional cultures on other continents. Problems of teenage alienation are now widely encountered in countries that have most closely followed upon the American model — Britain, Australia, and Japan. We may predict similar patterns elsewhere to result from economic changes and massive population shifts. For example, stress-related disorders are proliferating among Russian children. According to a report in the New York Times, since the collapse of the Soviet Union a little over a decade ago, nearly a third of Russia's estimated 143 million people — about 45 million — have changed residences. Peer orientation threatens to become one of the least welcome of all American cultural exports.
Gabor Maté (Hold On to Your Kids: Why Parents Need to Matter More Than Peers)