MIT Study predicts "Global Great Depression" by the year 2030. Do you agree with their findings?
Assassin~ Badass Buzz Guru 2012/04/05 13:00:45
The next Great depression on a global scale? Sounds farfetched but that is exactly what MIT researchers are predicting . The new study says that the world could suffer from "global economic collapse" and "precipitous population decline" if we don't stop consuming the worlds resources at such an alarming rate.
When will this Great Depression take place? There is the frightening part of the prediction. The MIT research indicates it would happen by the year 2030. This is not something they are predicting for the far off distant future but something that will happen within the next 18 years.
How did they come up with prediction? They created a computing model that showed different scenarios based on the current models of population growth and current consumption levels. The study also factored in different levels of agricultural productivity, birth control, and the current environmental protection efforts.
The results were disturbing. The majority of the scenario's they ran came up with the same thing. The growth continuing until about 2030, and then declining. They predict an economic and population crash. In short, the global economy will fail and massive amounts of people will die.
One of the most striking things about the study is that the current study predicts scenarios nearly IDENTICAL to those predicted in similar computer scenarios used as the model for "The Limits to Growth" Which was done back in 1972.
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