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how would a world wide economic collapse affect the poorest and most vulnerable
originally posted by: liteonit6969
Throughout the past few years I have kept a close watch on all news in order to gain an insight as to where the economy is going. And I'm sure most of us know we are heading for very difficult times. Even today with all seeming well according to the white house and uk government we are officially in a recession.
During my preparation on what limited funds I have I have strives to inform people what to expect and to prepare. Even if I was wrong it would still benefit them with these kinds of savings. However most people would reply it would not affect them. These are very low earners and benefit claimants. Some disabled and some pensioners. But the same idea that it wouldn't affect them and even if it did what could they do.
Basically what I'm looking to discuss from a hypothetical view, is how would a world wide economic collapse affect the poorest and most vulnerable. I don't think the people I have talked to realise the welfare state which they rely upon will become massively bloated by a growing unemployment due to this collapse.
Therefore what becomes of the system and them?
My opinion is the welfare system will not be able to be maintained as the number of claimants will grow to unsupportable numbers and governments budgets will collapse due to losses in tax etc. Therefore the system would need changed, maybe under some kind of emergency law. Would this bring in rations? Some kind of food parcel system?
One thing is guaranteed I feel and that is there is no way the welfare state will exist after a prolonged economic downturn of these proportions.
Anyone have any input that may offer some hope for the poorest?
Basically what I'm looking to discuss from a hypothetical view, is how would a world wide economic collapse affect the poorest and most vulnerable.