Heard My View of the Collapse

Posted by $ Abaco 6 years, 9 months ago to Economics
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This morning I was listening to a podcast I just recently discovered and really enjoy: The Borderless Podcast. In the episode I was listening to was an interview of a guy named Skinner Layne. Interesting young cat, this guy - and very sharp. In the interview I heard him say that the Libertarian (and similar) sect has "fetishized" this idea that economic collapse will be a sudden thing, and will result in a more utopian world. In the interview Atlas Shrugged was mentioned. Skinner went on to say that, if history is correct, our collapse will likely be a slow process. It will be so slow that many won't notice it. I hope I'm representing what he said accurately, because it's exactly what I've been thinking. I see the US in a steady, slow degradation of quality of life where the middle class evaporates and purchasing power for all but the elite dwindles down to nil. I actually can see it due to my work in finance and the fact that I've turned off the tv and read so much the past decade plus. In the rest of the interview he talks about how to apply this to one's own financial, and personal exploits. I will be listening intently on the drive home tonight...


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  • Posted by Herb7734 6 years, 8 months ago
    Look -- I'm a really old guy. 1934 (do the math) and in that time I have seen every prediction of the future, falter, stumble, and go wrong. When I was a kid (Anyone under 25 is a kid) and I fell in love with SciFi, I knew that by now, we'd be mining ore on Neptune, We'd be flying around in gravity defying cars, robotics would be servicing our every need, and humanity would be at the very least in a sort of nervous world-wide peace. Hardly anyone contemplated the computer revolution. The fact that one could carry a super computer with the ability to relate all the knowledge of mankind from everywhere in the world in the palm of your hand -- well, if it was predicted, I never saw it. All you futurists, I say unto thee, you are like full of it and wrong. And remember, that the initials W.F.A. following my name, bestowed upon me by Professor Irwin Corey, are meant to be respected.
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  • Posted by mccannon01 6 years, 8 months ago
    Sometimes things can happen rapidly. How long did it take the Weimar Republic to morph into Nazi Germany? Or Czarist Russia to morph into Stalinist Soviet Union?

    At this time I see Trump as more of an anti-Hitler or Anti-Stalin, but once he's shoved out of the way things will get back on track to the United Soviet States of America again.
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  • Posted by $ 6 years, 9 months ago
    Should add what he mentioned about the expansionist approach to government and business that is seen in the history of collapses of society. Our government now, as was done in Greece, just expands and forces people to use the infrastructure and pay for it. A parallel was drawn to the business practice of Facebook. You use it (I don't) because it's the most effective product of its type (or the only one) and the tax you pay is in advertising and allowing yourself to be spied on. That got the wheels turning... After a conversation I had with an NSA snoop years ago I really revamped my electronic existence.
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  • Posted by chad 6 years, 8 months ago
    America has descended from a republic to a communist democracy where you can vote for the lying ruler (either party) that will continue to tell its voting public what they want to hear while continually taking them to the end result of despotism and collectivism. If the country suddenly fell off a cliff to the end result few would accept it. If the road is long and gentle and filled with circuses along the way it is not so bad. The ability to live free will die with a whimper not a bang. The patient has been on life support for sometime and those hovering over the body may not even recognize its demise.
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  • Posted by CircuitGuy 6 years, 9 months ago
    I think this is basically right, but I called it ex-empire rather than collapse. America was this amazing thing that went from being a remote place to a regional power. 100 years after that it became the world's only super power. That's going away. It's like how England used to be the center of a powerful empire. I wouldn't say England "collapsed". It's just not an empire anymore.

    The US was supposed to be republic not an empire. I think it's unfortunate, we can't move toward being a free, open, and stable environment where people can build new things without being hassled and without turning over a third of what they make.
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    • Posted by $ 6 years, 9 months ago
      Yes, in a nutshell. I often draw parallels between developments we see here and things we see as flaws in 3rd world nations. We're really not much better off here. Our infrastructure is good, but in duress more and more now.
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      • Posted by CircuitGuy 6 years, 9 months ago
        " we see as flaws in 3rd world nations. "
        I know what you mean, but I think it's because that very phrase is out of date. During the post-WWII period there were rich countries and poor countries. There were countries supported by the US or USSR. If the country were supported by no-one, it was the third world.

        That concept of rich countries and poor countries is rapidly going away. It's so easy to send value over long distances now because value is in software and plans, and communications is inexpensive. Physical location matters less. We will see more "third-world" in US and Germany, and more affluent people in Eritrea. People of our age grew up hearing about helping the "starving kids in Africa". The economy has been helping them help themselves. The problem is being solved. Poor countries are slowly going away. Pockets of poverty are coming everywhere, not just in a distant country.
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        • Posted by term2 6 years, 8 months ago
          I think "third world" has more to do with their culture's defining characteristics. Venezuela was rich with oil, but underneath was a third world country becaust of how they think. The USA is half third world (hillary and sanders supporters), and half first world (the trump supporters and the libertarians). As the older people are replaced by the younger leftists, the country will become third world.
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  • Posted by term2 6 years, 8 months ago
    Slow indeed. There is a lot of wealth to use up before things get really bad. I do think that as total real wealth in the society becomes less, the inefficiencies due to government intrusions eat a higher percentage of what’s left. Therefore there is an exponential rate of decline until collapse. Like in Soviet Russia in the 1990’s and Venezuela today. The USA still has a big wealth cushion to burn through
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  • Posted by wiggys 6 years, 8 months ago
    the result WILL NOT BE amore utopian world. that suggests we already live in a less utopian world. a utopian world will NEVER exist. save your ears Abaco. listen to 60s and 70s music.
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  • Posted by jimjamesjames 6 years, 8 months ago
    DAMN! "Should add what he mentioned about the expansionist approach to government and business that is seen in the history of collapses of society"

    If that is true, and I'm afraid it is, the only thing I can hope for is a giant EMP so the shooting will start.
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