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A comment on The Collapse of Complex Business Models. Parent comment
If you're in the buggy whip biz when it fails, its destruction is a form of societal collapse.
Remember - a recession is when your neighbor loses his job. A depression is when you lose your job.
People fight to keep their "phony, baloney jobs" because said jobs are their jobs - the phony, baloney is external to them.
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If you're in the buggy whip biz when it fails, its destruction is a form of societal collapse.
Remember - a recession is when your neighbor loses his job. A depression is when you lose your job.
People fight to keep their "phony, baloney jobs" because said jobs are their jobs - the phony, baloney is external to them.