Maybe I'm just misunderstanding the gravity of a collpase, but I don't remember reading about people spontaneously murdering each other and looting after Black Friday in 1929.
Maybe I'm just misunderstanding the gravity of a collpase, but I don't remember reading about people spontaneously murdering each other and looting after Black Friday in 1929.
Money might seem all powerful, but it's less important over the short term than people with tanks.
It's horrible. The world becomes a combination of the movies "28 days later" and "Mad Max," almost instantaneously. The only glimmer of hope is roving bands of freedom fighters grown out of the ranks of former bloggers who had the prescience to comment frequently about gold-backed currency.
I can see a lot of use for a crash course in basic farming in a situation like that, iPods not so much...
Michael: Buster? The guy who thought that the blue on the map was land?
Lucille: He's had business classes.
Buster: W-w-w-wait. Eighteenth-century agrarian business. But I guess it's all the same principles. Lemme ask you: Are you at all concerned about an uprising?
In 91 there was violence, but few deaths. But I remember I had to stay in line for bread, at 10 yo, pushing and shoving to buy some, otherwise no food for me and my family. This wasn't not because we didn't have money, but because there was no food. Since everything was provided by the government, and the government seized to exist, things got really bad. The EU had to step in, and help us with basic necessities that year.
Then in 97, happen a total economic collapse. A huge ponzi scheme (think Madoff x3), where a lot of people of an already poor country, lost a lot of money, and the government was corruptly involved in it.
A huge unrest unraveled. The government send in the army to quell it but the soldiers were demoralized and refused to fight their own people, and just left. Army depots got looted, almost everybody ended up with AK-47s, grenades, you name it. There were no cops in the streets, you were on your own. Businesses will get looted, people that had money will be sent letters to pay money or they would be kidnapped. In the huge unrest, looting, settling of scores, and all the chaos, about 2000k people died, in the span of 3 months. Eventually a new government got formed, and things calmed down. Economy rebounded the next year, and things are getting better.
Now, you might think this doesn't happen in the US, but I should just remember you that Katrina was only few years ago, and look at the rape and pillaging that happen then. The LA rioting was only 18 years ago. Things like this can happen even in the us. If you have no money, b/c your bank failed, your credit card doesn't work, your are desperate, something got to give.
Desperation = people doing crazy things.
http://www.reason.com/news/show/36327.html
I mean, the reporting was really over the top.
Factories stop making iPods since people don't go to work if they know they won't get paid. Likewise, the truck drivers won't keep bringing food to the supermarket. Which might not matter anyway if your bank has collapsed and you don't have any cash.
So after your food has run out, and you know your neighbour has food but doesn't want to share it with you, what do you think happens next?
By that time, everyone would be in the know that "shit just got real", so I'm sure there would be a lot of people who were actually concerned about other people being able to eat, and that it was counterproductive to lock their doors and shoot anyone who gets close. There are also people in modern society who are paid full-time to patrol the streets and keep the peace; while I know they can't be everywhere at once, they could probably maintain a non-catastrophic level of security, and would be joined by vigilantes and other decent-minded people who just want everyone to get out of the situation alive. I know that's what I'd do in such a situation.
I wonder why you didn't even entertain "sharing" as a possibility, I think it shows an unnerving level of innate psychosis in the human race, like we're all just itching for an excuse to smash our neighbor's skull open and drink their blood. Grow up.
And I think it's ineffective to compare this to 1929. It certainly won't be exactly the same. It could be better, or it could be much worse.