Financial collapse. Faith in "business as usual" is lost. The future
is no longer assumed resemble the past in any way that allows risk to be
assessed and financial assets to be guaranteed. Financial institutions become
insolvent; savings are wiped out, and access to capital is lost.
Commercial collapse. Faith that "the market shall provide" is lost.
Money is devalued and/or becomes scarce, commodities are hoarded, import and
retail chains break down, and widespread shortages of survival necessities
become the norm.
Political collapse. Faith that "the government will take care of you"
is lost. As official attempts to mitigate widespread loss of access to
commercial sources of survival necessities fail to make a difference, the
political establishment loses legitimacy and relevance.
Social collapse. Faith that "your people will take care of you" is
lost, as local social institutions, be they charities or other groups that rush
in to fill the power vacuum run out of resources or fail through internal
Cultural collapse. Faith in the goodness of humanity is lost. People lose their
capacity for "kindness, generosity, consideration, affection, honesty,
hospitality, compassion, charity" (Turnbull, The Mountain People).
Families disband and compete as individuals for scarce resources. The new motto
becomes "May you die today so that I die tomorrow" (Solzhenitsyn, The
Gulag Archipelago). There may even be some cannibalism.Source and more: http://cluborlov.blogspot.hu/2008/02/five-stages-of-collapse.html
Tags: Collapse, Western, World, Chaos, Turmoil, New, World, Order, Third, World, Economic, Crash, Eurobonds, Euro, EU, USA, Crisis, Europe, Spain, Italy, Greece, Bailout, Eurocrash, Oil, Petroleum, End
Location: United States (load item map)
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