posted on Jul, 30 2009 @ 11:44 PM
Originally posted by soldier8828
i would have figured more people to think of the economy collapsing would be a good thing...time for renewal....no?
In order to effect any sort of meaningful "renewal," the entire system must be so leveled that there is simply no way back.
By way of illustration:
1) Japan after WWII: Almost everything of value destroyed by wave after wave of B-52 bombing (not to mention the nuclear weapons), top leadership all
dead, suicided, or imprisoned, occupying force with total control, most cities resembling moonscapes, etc. This was followed, after a few tough
decades, by a phoenix-like renaissance of feverish re-building and re-creation of new industries and institutions. Result: Decade after decade of high
growth, culminating in the late-80s "bubble economy" where the grounds of the Imperial Palace alone were worth more than all the real estate in
California or Canada.
2) Japan after burst of late-80s bubble: There were a number of high-profile losers, then the central bank and government just kind of slapped
bandaids on here and there and propped up crutches where necessary...the result was two "lost decades" of lurching, near-defunct financial and
real-estate levels, growth consistantly hovering around the zero-percent range, interest rates ultra low but no movement to borrow ("pushing on a
string," they called it), and a slow, gentle rot from inside. Not hell, but not exactly heaven, either.
You want real "renewal," that means everything has to be burned to the ground. We aren't near that point and maybe never will be. I think scenario
#2 (gentle rot and lurching, slow, groaning decline) is more the order of the day.
[edit on 7/30/09 by silent thunder]