2 posts tagged with newdepression.
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Live free and die

Crusty Punks in Tompkins Square Park, tell stories of their sometimes dangerous lives on the highways and trains, in rehabs and unconventional families of America.
posted by Potomac Avenue on Sep 2, 2010 - 81 comments

The Five Stages of Collapse

Second Great Depression? We should be so lucky. Or so Dmitry Orlov says. Orlov, an engineer who watched the collapse of the Soviet Union, argues that the United States is well into a similar process of collapse. In Orlov's model, collapse is divided into five stages: financial, commercial, political, social and cultural. The first one is currently happening, and the next two are guaranteed to follow; as for cultural collapse, that happened a long time ago, but people were to narcotised by consumerism to notice. And things look set to get very, very dire indeed, with runaway hyperinflation, shortages, the breakdown of political institutions, the fragmentation of the US, and, if the "social collapse" stage is reached, roaming gangs and ethnic cleansing.
posted by acb on Dec 3, 2008 - 65 comments

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