Someone once said, "Business is War". This is true not only in the United States but always has been true worldwide. It is obvious that this war was lost by Japan during the 1990s and by the United States at present. Whether this was a concerted effort by a nation or group of nations in both cases or whether this was just the natural result of not before seen series of events that take place when one has extreme increased valuation of assets coupled with extreme leveraging of money and assets through leveraging of credit and the value of those assets collapse I cannot say.
Anyway, one can say that whatever happened to Japan in the 1990s is to a greater or lesser degree also happening to the United States and most of Europe now in 2008 and 2009.
There are some good results in regard to the "War on Terror". Terrorists generally have about 1/2 the financial resources available to them now because of the world economic downturn which also means they have half the money to do damage to western interests. In this sense the World Economic Collapse is doing some good.
There are good results in regard to Global warming because of how much fossil fuel is not being consumed worldwide because of the economic downturn and because of how much less fossil fuel is being burnt to generate electricity to run factories to make goods worldwide and to transport those goods to markets around the world. All these changes might have bought the human race already an extra 300 to 400 years before hitting a wall that could lead to human extinction(at least on the surface of earth).
However, even hitting the extinction wall on the surface does not mean that human life couldn't go on underground where the earth stays cooler (around 60 to 65 degrees Fahrenheit) during the daylight hours above 100 degrees Fahrenheit anywhere near the equator if average temperatures reach 80 to 100 degrees year around there.
The economic downturn will be felt most severely where there is no infrastructure in place and where donations for people to even eat are necessary. However, like I said there are some good things coming from this present downturn.
One of the best long term things that hopefully will come from all this is a complete reevaluation of how business is conducted worldwide. If new regulations are not put in place we can expect what we are going through now to happen about every 20 to 40 years ongoing worldwide. I don't think anyone wants to see that happen.
Business is War but that doesn't mean that it needs to be insane and suicidal for the human race ongoing.
To the best of my ability I write about my experience of the Universe Past, Present and Future
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