Crisis in Crisis

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IMAGE CAPTIONS

01. Downsizing In the wake of the economic crisis, the federal government decides to sell off its under-performing units. States with the lowest GDPs are auctioned to other nations in an attempt to jettison dead weight and reinvigorate the economy. Vice President Joseph Biden is chosen for his working class credibility to deliver the bad news to the populations of the newly foreign territories, including his former constituents in Delaware. The union is eventually dismantled, leaving only a few wealthy states, geographically isolated and increasingly paranoid about their neighbors. 02. Chinese Financial Implosion After a decade of robust growth, China’s industrial export economy is tanking due to its dependence on foreign economies that are now hurt by the financial crisis. Thousands of factories have closed, and millions of workers have already lost their jobs. During the boom years, the central government used the profits from exports to invest in American debt, amassing treasury securities equal to about one quarter of foreign-owned debt. A rogue trader in the Chinese central bank, the child of migrant workers, sees threats to the solvency of the US government. She sparks a sell-off of securities, bankrupting America and further devastating China’s economy. 03. Senior Epidemic The aging of the boomer generation and rapidly rising medical costs are driving a healthcare crisis. In the coming decades, Social Security and Medicare entitlements will exceed workers’ payroll contributions by trillions of dollars. These “unfunded liabilities” are the most serious long-term threat to the government’s financial future. The boomers’ fixation on spiritual and physical health alongside advances in medical technology will give them relative immortality, but at a great expense—an epidemic of oldness that financially cripples future generations.

04. Drought Drought is a reliable predictor of civil war in many areas of the world. The economic shock caused by low rainfall and crop failure leads to unemployment, indebtedness and famine, a dangerous mix in countries with already weak governments. Future farmers are both scientists and warriors: chasing biotechnical advancements in a futile attempt to keep pace with climate change while arming themselves in a paranoiac defense of their increasingly precious resources. 05. Petro State Decline Russia’s largest corporation, the state-run natural gas company Gazprom, is $42 billion in debt, and the price of oil continues to fall fast. Political power in Russia is deeply connected to Gazprom—before becoming president, Dmitri Medvedev was its chairman, and Vladimir Putin used its revenue to nationalize opposition media companies. When Gazprom fails it will destabilize the government, but in the meantime, the weakening of the petro state will only bring more brutal and desperate political repression. Former oligarchs invested in Gazprom become alternative energy dissidents. But for now, they are excluded from political and economic power.


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