The 'Global Financial Crisis', Good For Sustainably?

Updated: Aug 23, 2021


'The greatest financial crisis since the great depression' we were told. But if you haven’t lived through poverty, experienced war or famine, then it may be very difficult to even begin to gauge what that means exactly. so, imagine a world with no money, no electricity, no fuel, limited transport, no internet, no phone, no 'jobs', limited clean water, no waste management, none of the comforts we’ve become so accustomed to, what would that feel like, what would it look like?

Not sure the common man or woman totally understood the magnitude at the time, we were close, we were very very close, close to a total financial collapse. The banks that hold your money, were more or less wiped out, the insurance companies which insured your money in the banks, were more or less wiped out, if they went, all your savings went with them, the fragility of the whole system was exposed for perhaps the first time in our life time. The only reason the system survived was through some forms of artificial resuscitation, it's still barely holding on.

What we sometimes forget to realise, is that before the industrial revolution, we had no electricity, no phones, no internet. Life may not have been as ‘comfortable’ as might be today, but people still lived, they managed, they did what they had to do. They got by on what they needed to survive, food, water, shelter, fire, community – if they hadn’t, you wouldn’t be here.