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re: How close do you feel we are to a full societal collapse as a nation?
Posted on 2/12/24 at 10:50 pm to northshorebamaman
Posted on 2/12/24 at 10:50 pm to northshorebamaman
quote:
I guess it depends on what you mean by societal collapse. I'm picturing dogs and cats living together mass hysteria, while I don't consider the end of American hegemony or even hyper-inflation to, by themselves, be 'societal 'collapse.'
Hell, a lot of folks are actively calling for an end to American hegemony.
I think the economic arguments for America’s demise are a little funny too - America is the largest economy in the world and it’s not close. We make up 25% of global GDP.
Contrast that with components of the US economy - the entire financial services industry makes up something like 10% of US GDP. If you add real estate and insurance it goes up to ~20%. Yet we talk about individual banks in the US being “too big to fail.”
It’s not a perfect comparison but the moral of the story is this: If we go down, the rest of the world is going down with us.
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