The combination of all the risks facing us today form a perfect storm that threatens our very civilization. The contemporary situation resembles the civilization collapse at the end of the Bronze Age in 1177BC. Historians describe famine, drought, the invasion of the boat people, the technology of iron production and the collapse of global trade across the Mediterranean. Sound familiar. I would add capital divergence, like a game of Monopoly, four hotels on Board Walk, all the money to the winner, game over.
The economy cycles, the shorter based on the cycles of growing debt and the need to pay it off. I would argue that the longer cycle of depression follows that same capital divergence, which may also lead to war, pestilence, famine and mass migration. We add climate change. For that perfect storm.
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