Closing the Collapse Gap
There’s a very interesting annotated presentation at “Closing the ‘Collapse Gap’: the USSR was better prepared for collapse than the US.” In it, Dmitry Orlov lays out his comparison between the USSR and the USA of 2006. Posting this now because a talk he gave at Long Now is getting lots of attention.
In closely related news, Maurizio d’Orlando lays out that U.S. debt approaches insolvency:
In 2007, public debt in the United States was 10.6 trillion dollars, compared to a GDP (gross domestic product) of 13.811 trillion dollars. Public debt in 2007 was therefore 76.75% of GDP. In just one year, direct and indirect public debt have grown to more than 100% of GDP, reaching 176.9% to 184.2%. These percentages exclude the debt guaranteed by policies underwritten by AIG, also nationalized, and liabilities for health spending (Medicaid and Medicare) and pensions (Social Security). By way of comparison, the Maastricht accords require member states of the European Union (EU) to reduce their public debt to no more than 60% of GDP. Again by way of comparison, in one of the EU countries with the largest public debt, Italy, public debt in 2007 was equal to 104% of GDP.
[Update: I’d meant to include both Bruce Sterling, “2009 Will Be a Year of Panic” and Rob Sama, “
The Federal Government Has Jumped The Shark.”]