For many people, the idea of a worldwide economic collapse would be frightening. However, this is something that we must prepare for. The economic status quo is unsustainable, and the world is rapidly approaching an economic crisis. The only way to avoid this is to learn from past mistakes and prepare ourselves accordingly.
The 2008 financial crisis was one of the most shocking events in recent history. It led to millions of people losing their jobs and many countries falling into bankruptcy. Many countries suspended all purchases of foreign assets to avoid further devaluation- leading to a global economic freeze. No country can avoid this fate if we don't prepare for a global economic collapse.
Many countries are struggling with unstable government finances and unstable currencies. Many have high debt loads, low productivity, and low growth rates. Governments can no longer afford to subsidize their economies when their citizens are hungry and unemployed. They've turned to nationalism to save their nations from complete collapse. This has led to several wars and massive death tolls as countries try to save their own economies.
Although this has been traumatic for many people, it has been absolutely necessary. Unstable economies lead to unstable nations, which lead to dangerous situations in the future. It's impossible to rebuild a broken economy without painful sacrifices. For that reason, we have to be realistic and realistic about our nationalism. We have to learn from past mistakes and accept that brutal times lie ahead.