I have been waiting for life to switch to black and white but that doesn’t seem to be happening. Assuming we have a another world wide depression, what are some of the ways it might differ from the one that happened in the 1930’s?
Some obvious changes over the last 70-80 years.
- New-clear weapons.
- Innovations and infrastructure. Internet, satellites, medical advances, roads, bridges, railroads, agricultural advances (see 4).
- Global financial/commercial/military interdependency.
- Environmental degradation. The catfish that people survived on around here during the last depression are now loaded with atrazine (see 2).
- Increased population.
What other differences are there, and how will the changes that have taken place since 1929 affect our options and likely actions, collectively and as individuals?