The economy and econometrics are human made constructs, they merely only mimic us. If human nature and history teaches us anything, it teaches us that everything functions in a cycle-like fashion. The only unknown anomalous variables, is the timing of the chronological order of such a collapse. So from this premise, if economy is based on such cyclical patterns; it is not a question of if it is going to happen, it is a question of when is this going to happen! Trust me, it will happen!
I like using the parity or should I say similarity of comparing the cyclical nature of mass extinction rates throughout geological time, to that of economic cycles (i.e. deflation spirals) of recessions and depressions thoughout the history of monetary economy within societies. Ecology is economy, one can not exist without the other; they are so interconnected. They are all cyclical systems interconnected within paradoxical proportions. From a ecological perspective, we are currently in one of the worse recorded mass extinction rates, ofcourse the economy is going to eventually mimic other systemic cyclical patterns.
My point is that every known civilization has eventually come to a end (cyclical), and what is the very core functioning property of our current civilization, "our economy?". Unfortunately our current economy takes unnatural precedence over everything else. Combine this with global warming, increasing populations, internalize conflicts (war), problems with logistics of goods (world hunger/poverty); collapse seems to be a strong plausible reality. The fact is, we live in a finite world, with finite resources, but yet our economy is based under the contingent of constant sustainable growth; which is not currently possible.
So I have agree, collapse is inevitable. Unfortunately, economic collapse isn't my biggest concern right now... However, some people argue that we as a civilization have reached a pinnacle moment in economic history. Just like when the barter and trade system evolved into a monetary/currency based system because the barter and trade system was not sustainable or collapsing at the time. If everything is cyclical as I claim, then from an optimistic perspective, we are currently experiencing the collapse of our current system, and it will naturally evolve into a more robust and sustainable system, maybe even one based on no currency.. Who knows, what the future holds is all I am saying. I currently do not have much faith in the current economy, and I imagine many others do not either.
I like using the parity or should I say similarity of comparing the cyclical nature of mass extinction rates throughout geological time, to that of economic cycles (i.e. deflation spirals) of recessions and depressions thoughout the history of monetary economy within societies. Ecology is economy, one can not exist without the other; they are so interconnected. They are all cyclical systems interconnected within paradoxical proportions. From a ecological perspective, we are currently in one of the worse recorded mass extinction rates, ofcourse the economy is going to eventually mimic other systemic cyclical patterns.
My point is that every known civilization has eventually come to a end (cyclical), and what is the very core functioning property of our current civilization, "our economy?". Unfortunately our current economy takes unnatural precedence over everything else. Combine this with global warming, increasing populations, internalize conflicts (war), problems with logistics of goods (world hunger/poverty); collapse seems to be a strong plausible reality. The fact is, we live in a finite world, with finite resources, but yet our economy is based under the contingent of constant sustainable growth; which is not currently possible.
So I have agree, collapse is inevitable. Unfortunately, economic collapse isn't my biggest concern right now... However, some people argue that we as a civilization have reached a pinnacle moment in economic history. Just like when the barter and trade system evolved into a monetary/currency based system because the barter and trade system was not sustainable or collapsing at the time. If everything is cyclical as I claim, then from an optimistic perspective, we are currently experiencing the collapse of our current system, and it will naturally evolve into a more robust and sustainable system, maybe even one based on no currency.. Who knows, what the future holds is all I am saying. I currently do not have much faith in the current economy, and I imagine many others do not either.