In any event, the Argentina crisis turned out relatively ok, and many previously shuttered manufacturers re-opened when the Austral dumped the USD peg and became competitive with Brazilian and Uruguayan suppliers. In some cases, the plants were taken over by workers, also a good thing.
For my part, the militarism will end up being the biggest problem, and given the upcoming correction, the likely source of future unrest. Fai de bèn a Bertrand, te lou rendra en cagant
the lower you are on the SES scale the more you're going to suffer
Yes, and while the European safety net really helps it won't ultimately stem the tide of the same trends. Your job skills are an increasing component of your future prospects with country of birth rapidly declining in importance. The middle class will continue to shrink as the number of people required to run the world economy declines. I don't know that dwindling energy supplies necessarily change that, either, I think the world economy will simply shrink. The difference for the poor will probably be having to work in the fields rather than going to the food bank. Those employed in manufacture will be able to scrape by on a bare urban lifestyle, while current tech/knowledge workers will occupy the middle class. Then the usual parasites on top. Essentially everyone moves down a half or full step on the ladder, with the poorest in the 3rd world disappearing. For my own prospects, I might have to be flexible enough to work in SE Asia for a while.
you are the media you consume.
