Community | December 23, 2009 | 0 comments

Our Recession Vs. The Dark Ages: Historian Compares Two Miserable Economic Periods

source: http://www.ft.com/cms/s/0/4b44d88e-ef39-11de-86c4-00144feab49a.html

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atomiclegion
The more complex an economy is, the more fragile it is, and the more cataclysmic its disintegration can be. Our economy is, of course, in a different league of complexity to that of Roman Britain. Our pottery and metal goods are likely to have been made, not many miles away, but on the other side of the globe, while our main medium of exchange is electronic, and sometimes based on smoke and mirrors. If our economy ever truly collapses, the consequences will make fifth-century Britain seem like a picnic.

http://www.ft.com/cms/s/0/4b44d88e-ef39-11de-86c4-00144feab49a.html
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    Economy,  Recession,  Britain,  Business News,  5 more
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