Noting liberal despair over the government's inability to combat economic depression, and conservative skepticism that traditional tools will be effective, John Judis of The New Republic argues that a global depression far longer and more severe than anyone expected now seems nearly impossible to avoid. Judis believes that the coming "depression" will be accompanied by geopolitical upheaval and institutional collapse.
"As the experience of the 1930s testified, a prolonged global downturn can have profound political and geopolitical repercussions. In the U.S. and Europe, the downturn has already inspired unsavory, right-wing populist movements. It could also bring about trade wars and intense competition over natural resources, and the eventual breakdown of important institutions like European Union and the World Trade Organization. Even a shooting war is possible."
Daniel Knowles of the Telegraph has noticed a similar trend. In a post titled, "This Really Is Beginning To Look Like 1931," Knowles argues that we could be witnessing the transition from recession to global depression that last occurred two years after the 1929 market collapse, and eight years before Germany invaded Poland, triggering the Second World War.
Originally posted by Jazzyguy
Also, I don't equate this with the 1930s, it's still too soon to tell. Yes, I agree that ongoing financial crisis could lead to war, but not necessarily World War 3.
Originally posted by kro32
There will still be wars of course but not on the scale we've seen in the past.
Originally posted by OrionsRage
I am no expert, just an honest guy trying to make an honest living blessed with common sense. But, WW3 is going to be between the "people" and the world governments, not country against country...it is the people against their own country, or (people vs. NWO). It is already ON!
Well, I'm a serious people and I don't think this would lead to WWIII, at least not yet. Also, I don't equate this with the 1930s, it's still too soon to tell. Yes, I agree that ongoing financial crisis could lead to war, but not necessarily World War 3. From my perspective, even though the economy is bad enough for some countries, it's not bad enough for the entire world. There's no major incident currently happening that can trigger a war of that scale. So I have to say, this crisis still could be resolved as bad as it is. Unless of course someone does planning for war since the beginning.
Originally posted by mileysubet
That would be a civil war I believe...