Money Week

We’ll survive the apocalypse

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palladiumm­ag.com

The collapse of society can seem, to some, like a “thrilling possibilit­y”, says Adam Van Buskirk. “Deep-green radicals, apocalypti­c cults and pessimisti­c online doomers,” to name just a few, positively relish the prospect. Social ills seem to them so entrenched that blowing it all up and starting again looks attractive.

Their mistake is in imagining that society is so fragile that the dreamers will be able to take control among the ruins. History would suggest otherwise. Previous natural and man-made disasters, and any imaginable future one, up to and including nuclear war, will not lead to the end of civilisati­on as know it nor a collapse in everyday life. The legal systems that we live under have “amazing durability”. The day after the apocalypse, it will be business as usual.

You might, for example, expect a plague that rapidly killed 30% to 50% of the population to lead to the collapse of society. But during the “brutal first wave” of the Black Death in England in 1348-1349, life carried on more or less as normal, as we can see from the record of tax receipts, court cases and parish death records. A decree of 1349 ordered malingerin­g labourers back to work and imposed wage and price controls.

Trade is eternal

Modern states are no different. At the close of World War

II, Berlin was in ruins and its residents underwent food rationing. But after a few months, many essential workers and low-level bureaucrat­s were clocking in again as usual. By 1946, many of Berlin’s essential services were back to normal. By the 1946 tax year, revenues were stable and the occupation forces ran balanced budgets for domestic costs. Pensions were paid, even, as Hitler had promised, to foreign volunteers of the Waffen SS. And “if bureaucrac­y is resilient, then trade is eternal”. Global trade predates the Iron Age, and in the long run no disaster in human history has permanentl­y ended trade between regions and continents. The amount of Russian gas flowing through Ukrainian pipelines actually increased in the weeks following the invasion, with Russia paying transit fees to Ukraine in full.

Surely nuclear war, though, would end society? Probably not. Official models predict that, despite high death tolls and infrastruc­ture damage, the total shock of nuclear war could “fall within the range historical­ly absorbed by modern economies and government­s”. If the bomb drops, you might be eating “gruel unloaded from a truck”, but you’ll probably still be able to post on Twitter – and have to file a tax return.

 ?? ?? It’s the end of the world as we know it... and we’ll be fine
It’s the end of the world as we know it... and we’ll be fine

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