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Old Tuesday, March 18th, 2008
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Default Re: Wall Street fears for next Great Depression

Quote:
Originally Posted by Mynydd View Post
Not necessarily. It means that we may have very interesting days coming ahead.

On the positive side, it is possible that people have to move back to more traditional ways of life. This shouldn't be easy, however, because traditional societies are much lost nowadays. Countries would have to start to rely more and more on local production, for basic goods. And ethnic conflicts are likely to start at large scale. For the building of traditional societies to be, you need a very homogenous structure of people.
Yes, the only way to fight the modern world is to return to more traditional ways of life yet what worries me are those factors that you've mentioned above, especially these ones:
  • Trade (and even production) is already highly dependable on a globalized structure.
  • Industry delocalization is already at a much advanced stage.
  • Agriculture, cattle farming and other food produce industries have been largely cut to force a dependance on outside countries.
Wouldn't these make it much harder for us to return to that traditional way of life, since at present we are totally dependent on outside countries, there is barely any local production, so hunger and the lack of basic needs should be expected during the transition years, a transition that would have not hit us very hard 30 years ago but which will become harder and harder as we move into the future.
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