Somebody at Börse Online on Société Générale's Albert Edwards, May 28:
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Fortunately for me I had just been looking at a review of "The Collapse of Complex Societies" which stressed some of the upsides of apocalypse:
As Tainter points out, we are used to seeing”collapse” in apocalyptic terms. Collapse is simply a reduction in social complexity. For those who live through it, collapse is a solution which may be welcomed. The Germanic kingdoms that succeeded the Roman Empire solved the problems that baffled the Empire much more effectively from the point of view of its citizens; so much so that many joined forces with it.
Complex societies develop to solve complex problems. As complexity increases, complex societies tend to develop ever more complex fixes for their problems.
For Tainter, this is the well-spring of collapse. These solutions tend to have diminishing returns, and themselves demand more and more energy from societies. Collapse is a solution to this problem....
....MUCH MORE
And Albert? He was last seen being interviewed by Business Insider, June 1:
Famed market bear Albert Edwards tells BI stocks are vulnerable — and opens up about his role as Wall Street's 'uber-bear