Quote notes (#7)
Some unusually brilliant Druidic prophecy from John Michael Greer:
Whether the crisis is contained by federal loan guarantees and bank nationalizations that keep farms, factories, and stores supplied with the credit they need, by the repudiation of debts and the issuance of a new currency, by martial law and the government seizure of unused acreage, or by ordinary citizens cobbling together new systems of exchange in a hurry, as happened in Argentina, Russia, and other places where the economy suddenly went to pieces, the crisis will be contained. The negative feedback here is provided by the simple facts that people are willing to do almost anything to put food on the table, governments are willing to do even more to stay in power, and in hundreds of previous crises, their actions have proven more than sufficient to stop the positive feedback loops of economic crisis in their tracks, and stabilize the situation at some level.
None of this means the crisis will be easy to get through, nor does it mean that the world that emerges once the rubble stops bouncing and the dust settles will be anything like as prosperous, as comfortable, or as familiar as the one we have today. That’s true of all three of the situations I’ve sketched out in this post. While the next round of crisis along the arc of industrial civilization’s decline and fall will likely be over by 2070 of so, living through the interval between then and now will probably have more than a little in common with living through the First World War, the waves of political and social crises that followed it, the Great Depression, and the rise of fascism, followed by the Second World War and its aftermath—and this time the United States is unlikely to be sheltered from the worst impacts of crisis, as it was between 1914 and 1954. [Read the whole thing]
(Combining large-scale historical vision, cybernetic theory, and extraordinary native intelligence, Greer is one of the most important voices on the reality-relevant blogosphere. His model of Catabolic Collapse, in particular, is an indispensable reference. Outside in will be visiting his ideas repeatedly over the next few weeks.)