The super rich have resources to adapt to a socioeconomic crisis. They will position themselves to be of "help" for any new government coming out the chaos following a global meltdown, or - if modern governments ends - arm themselvs and evolve into small fiefdoms. Like they have done before when great empires and complex economies have broken down. The 90 percent in the middle on the other hand, the middle class and the workers, depend so much more on a strong state and stable government to exist. I am much more worried about us. That said - I do not think modern government will cease to exist. Like you I belive there will be a write off. But will it be todays governments who do the write off, or will there be some upheaval, followed by a write off by new governments, like the communists and nazis in the 20ies and 30ies Europe?
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The Bankruptcy Of The Planet Accelerates – 24 Nations Are Currently Facing A Debt Crisis
The super rich have resources to adapt to a socioeconomic crisis. They will position themselves to be of "help" for any new government coming out the chaos following a global meltdown, or - if modern governments ends - arm themselvs and evolve into small fiefdoms. Like they have done before when great empires and complex economies have broken down. The 90 percent in the middle on the other hand, the middle class and the workers, depend so much more on a strong state and stable government to exist. I am much more worried about us. That said - I do not think modern government will cease to exist. Like you I belive there will be a write off. But will it be todays governments who do the write off, or will there be some upheaval, followed by a write off by new governments, like the communists and nazis in the 20ies and 30ies Europe?