Economic Collapse - Web Search. Worldwide, 2004 - present.
The term has been used to describe a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depressionof the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp allahulakbar in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s).
The term has been used to describe a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depressionof the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp allahulakbar in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s).
Often economic collapse is accompanied by social chaos, civil unrest and sometimes a breakdown of law and order.
An example of an economic collapse is the Great Depression.
Why It's Coming and How to Avoid It
Traditionally, economic crises have fueled debates focused primarily on the role that public debt and debt-fueled public spending play in economic growth. However, serial entrepreneur and finance expert, Richard Vague in his provocative new book, The Next Economic Disaster: Why It's Coming and How to Avoid It, argues that it is in fact the rapid expansion of private rather than public debt that constrains growth and sparks economic calamities like the financial crisis of 2008.
Relying on the findings of a team of economists, The Next Economic Disaster pinpoints that the Great Depression of the 1930s, the economic collapse of the past decade, and many other sharp downturns around the world were all preceded by a spike in privately held debt. The Atlantic's Steve Clemons and the New America Foundation's Economic Growth Program Director, Sherle R. Schwenninger hosted an in-depth discussion on the current state of the US economy, assessments of the global debt and growth picture and responses to the threat of yet another financial disaster.
Participants
Steve Clemons
Washington Editor at Large, The Atlantic
Senior Fellow, American Strategy Program,
New America Foundation
Sherle R. Schwenninger
Director, Economic Growth Program, New America Foundation
Richard Vague
Author, The Next Economic Disaster: Why It's Coming and How to Avoid It
https://www.newamerica.org/nyc/the-next-economic-disaster/
Economic Collapse - history channel documentary - America - World Economy Collapse
No comments:
Post a Comment