maketotaldestr0i@lemm.eeM to

Collapse@lemm.ee · 7 days ago

Why is the U.S. GDP recovering faster than other advanced economies?

www.federalreserve.gov

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Why is the U.S. GDP recovering faster than other advanced economies?

www.federalreserve.gov

maketotaldestr0i@lemm.eeM to

Collapse@lemm.ee · 7 days ago

2

The Federal Reserve Board of Governors in Washington DC.

notice the steps down to lower output at great financial crash and covid for other countries with no recovery to previous trend level

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7 days ago
The word “recovery” used here with regard to this abstract problem-laden statistic is itself indicative of the problem we’re facing.

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Collapse, in this context, refers to the significant loss of an established level or complexity towards a much simpler state. It can occur differently within many areas, orderly or chaotically, and be willing or unwilling. It does not necessarily imply human extinction or a singular, global event. Although, the longer the duration, the more it resembles a ‘decline’ instead of collapse.

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