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Collapse: How Societies Choose to Fail or Succeed (titled Collapse: How Societies Choose to Fail or Survive for the British edition) is a 2005 book by academic and popular science author Jared Diamond, in which the author first defines collapse: "a drastic decrease in human population size and/or political/economic/social complexity, over a considerable area, for an extended time."
The title of the book points at the sharp decline in stock prices following the bankruptcy of the investment bank Lehman Brothers in September, 2008. Meanwhile, its subtitle reveals Stiglitz's conviction that free markets are at the bottom of the crisis, as he makes deregulation responsible for the rise of the shadow banking system, over-leveraged banks and subprime mortgages.
The complete breakdown of economic, cultural, and social institutions with ecological relationships is perhaps the most common feature of collapse. In his book Collapse: How Societies Choose to Fail or Succeed, Jared Diamond proposes five interconnected causes of collapse that may reinforce each other: non-sustainable exploitation of resources ...
“Seeing an economic slump coming is a bit like reading tea leaves, but some classic signs don’t lie,” said Nathan Jacobs, senior researcher at The Money Mongers. Climbing unemployment rates ...
The book, published in 2007, just before the 2008 financial crisis predicted an imminent decline in the value of the American dollar and advised investment in foreign securities and precious metals. After the recession of 2008, he published an updated version of the book called Crash Proof 2.0 which in January 2010 was listed on the New York ...
“The Beige Book points to more of a slowdown in hiring and economic activity than reported in the ‘hard’ indicators of the U.S. economy, like the jobs report or real GDP,” Bill Adams ...
In this segment of The Motley Fool's finance-focused show, Where the Money Is, Alison Southwick and banking analyst Matt Koppenheffer reach into the mailbag to answer the following reader question ...
Orlov's book Reinventing Collapse: The Soviet Example and American Prospects, published in 2008, further details his views. [9] Discussing the book in 2009, in a piece in The New Yorker, Ben McGrath wrote that Orlov describes "superpower collapse soup" common to both the U.S. and the Soviet Union: "a severe shortfall in the production of crude oil, a worsening foreign-trade deficit, an ...