Very interesting. But I have spied a plot hole very early on. And it’s not quite all that doom and gloom. Even tho it will be very hard to pull out of this, the changes being made in people’s lives are likely to have a social as well as economic effect…and in a profound way.
If the global economy collapses as badly as umair haque suggests [and it sounds perfectly reasonable to me], it would very much lessen the impact our economy has on climate change. All of our pollution — air, water, land — is the result of both capitalism and the Chinese mixture of capitalism and communism. [China is the worst polluter of all, tho the US comes in a close second.]
Right now, Southern California is enjoying the bluest skies it has had in a hundred years. Hardly anyone is driving. The factories that have the biggest carbon footprint are shut down. In California, mostly, people are holding the line, and the metaphorical tide is beginning to turn.
Farms will still be using pesticides and hormones for a while, but there will be less demand for expensive meats, or even cheap meats. To accommodate the change, a large portion of the cattle ranches & chicken farms will likely be used to grow plant protein. More people will have to turn vegetarian and vegan because they simply can’t afford to do other wise.
People will have to share more and consume less to get by.
All the changes the capitalists said we couldn’t do because of how it would impact the economy [all pretty false these days…such as green energy is more expensive still than fossil fuels] will very likely happen out of necessity. By necessity — and because they’ve learned how much better it is because of…