2 posts tagged with wd2 by acb.
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Ruins of the Second Gilded Age

The New York Times commissioned Portuguese photographer Edgar Martins to travel around the United States and take photographs of abandoned construction projects left in the wake of the housing and securities market collapse.
posted by acb on Jul 7, 2009 - 263 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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