Predicting the future is often a mug’s game but we can be fairly confident that 2016 we see the conditions for capitalism, both in Australia and globally, worsen. At the very least the mining boom is grinding to an end and perhaps there will be another global meltdown. What will this mean? Depending on the size of the malfunction it will (probably) mean rising poverty, homelessness, unemployment (though currently employment in Australia is surprisingly high) and general misery and declining wages, government spending (as revenues drop), wealth levels and good vibes. This will (probably) all manifest in impacts on life expectancy, mental health, identity based-conflicts, state repression, social cohesion… all this in a world already marked by war, violence, inequality, alienation and ecological disaster. A grim prospect unless we can collectively change our destiny.
Continue reading “6 thoughts on facing the (possible) eve of another economic meltdown”