GG_081022: Collapse Gap

Read this 2006 cautionary lecture by Dmitry Orlov, first hand witness to the collapse of the USSR: Closing the ‘Collapse Gap’: the USSR was better prepared for collapse than the US — An economic arrangement can continue for quite some time after it becomes untenable, through sheer inertia. But at some point a tide of broken promises and invalidated assumptions sweeps it all out to sea. —