Is a Partial Collapse Possible? — Part 2

Is a Partial Collapse Possible? — Part 2Image credit: Himesh Kumar Behera via Unsplash

After exploring the possible ways the West could (continue to) collapse in  Part 1 , let’s turn our mental gaze towards the East, and see what are the global implications of such a shift in centers of power — if there are any…

No single crisis is permanent — it is a series of them which will cease to end. It looks increasingly safe to say, that now we are already knee deep into the ‘long emergency’ — which has raised its ugly head in 2008 then, after a couple of years, went back to sleep… only to return with a vengeance. It is a fast deepening series of crisis though, one, that now threatens the West with the deepest recession in living memory and with a complete collapse of Europe’s economy — together with the West’s global hegemony.

However, it will be China who will take the brunt of the damage made to the world’s production facilities, as it was producing a myriad of goods for Europe and for the States to consume and built their products from. Even if the West would enter a decade long depression though, China would still recover after going through its own round of deepest recession in living memory. They would eventually reorganize their economy to fit the needs of the BRICS states, serving them with products instead of Europe and the US. They could do this on the back of a yet to be released common currency of the block (replacing the Dollar in international trade) and based on resources suddenly becoming relatively cheap and abundant, as the West would consume a fraction of what it used to.

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