• fake_meows@lemm.ee
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    1 month ago

    If you have never read this “classic” from the collapse canon, I highly recommend this paper from 2012.

    https://www.feasta.org/2012/06/17/trade-off-financial-system-supply-chain-cross-contagion-a-study-in-global-systemic-collapse/

    PDF of the paper.

    The BIG IDEA of this paper is that you can map countries by how central they are to the global economy (in resource, finance, political terms) and that if collapse comes, it will not be evenly distributed. And basically the globalized system can remove a lot of countries on the periphery and keep going.

    Check out the discussion on page 60 and following, it was eerily prescient for describing what happened during the covid supply chain collapses. So the 2008 global financial crisis was one example of a type of “contagious” collapse of the financial system. But the paper predicted that supply/production could be very disruptive also.

    Anyhow…this one passage is interesting:

    “The actions taken to prevent a crisis, or preparations for dealing with the aftermath of a crisis, may help precipitate the crisis.”