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| Economy | |
| Something is Looming Geopolitically, and We Better Start Taking It Seriously | |
| 2022-08-20 | |
| [ConservativeTreehouse] Never before in the history of industrialized nations has any government intentionally tried to lower its economic activity. It has never been done with intent before because within the contraction nations get more poor, people suffer. Not only has no single nation ever tried to intentionally shrink its wealth, but there is no precedent whatsoever for an alliance of nations to join together with the same purpose. While this might seem like an academic economic modeling exercise, unfortunately it is very real. What I am describing is happening right now, and we had better start talking about it before the unforeseen consequences start to become a crisis. In North America (U.S-Canada), Europe and Australia, there will continue to be massive increases in food prices as a result of the collapse in energy production. Beyond the western nations there will be food shortages as a result of lowered harvest yields and less industrial food production. This is not controversial. It is also not controversial that regions with harsh winter climates are going to be paying much more for scarce heating resources. That being accepted, what happens geopolitically, even militarily, when the entire global economy starts to feel the impacts from western nation economic contraction on a scale -created by collective action- that has never been seen before.
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| Posted by:Vespasian Ebboting9735 |