In my view, major cracks are developing in the economy because we are heading toward a collapse scenario of the type that Dr. Joseph Tainter talks about in his book, “The Collapse of Complex Societies.” No one has told the general population about the potential problem, partly because they don’t fully understand the issues themselves, and partly because the underlying causes are too frightening to discuss with the public. At the root of these collapse-related issues is a physics issue, which is only gradually being fully understood.

In this post, I try to describe at least some of the issues involved. I don’t believe that the situation is hopeless. At the end, I discuss where we are now, relative to historical patterns, and some reasons to be optimistic about the future.

https://ourfiniteworld.com/2025/10/06/what-has-gone-wrong-with-the-economy-can-it-be-fixed/