Societies and Economies Have Been Collapsing Forever. Why Are We Still Here?

Societies and Economies Have Been Collapsing Forever. Why Are We Still Here?

I read so often these days another article on the “inevitable collapse of the social order” that is presently underway almost everywhere. Our present collapse is regularly compared to any number of other collapses across human history. This situation seems a bit troubling. If societal and economic collapses have been happening at least forever, why are we still here?

Is Our Economic System Collapsing, or Just Changing?

Is Our Economic System Collapsing, or Just Changing?

Much has been written recently about the “old normal” being gone and some kind of “new normal” replacing it. I have argued that the old normal refers to stability and predictability, with relatively gradual changes. COVID-19 definitely fried that world, leaving us in times of fast change, unpredictability, and chaos. So, what is next for the economy?