Why Economics Says Our Civilization is Going to Collapse | umair haque

July 28, 2020 (Eudaimonia & Co) -- Like it or not, economics is destiny for civilizations. A civilization with good economic fundamentals will prosper, and ones with bad economics tend to crash, burn, and flame out — not matter how superior they imagine themselves.

The bad news is that the economics of our civilization now surely and squarely foretells collapse. That’s why it feels like everything you know and hold dear is collapsing — it is. We can no longer afford to live the way we have been and are told to. The good news, or the worse news, depending on how you look at it, is that we have a decade — just a decade — to fix it. Or our civilization will — like so many before us — indeed collapse.

Civilizations make three great mistakes when it comes to economics. The first is consuming more than they invest. The second is investing in things that don’t really create wealth. The third is not distributing that wealth equitably enough for social stability and the virtuous cycle of lasting prosperity to really ignite.

We’re making all three of those mistakes.

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