you brought up a topic i have no strong beliefs in either way.
i am of the same opinion as mr buffett, that at some time, somewhere, some dirty bonm will go off, full stop.
there is, in my mind, no 'what happens after that', because the psychology subsequent to such an event can range from one extreme to another, and so 'the after that' can be all over the spectrum of possibilities, full stop.
in china, obviously there are some more important cities and some less critical cities, but given that there are 200 cities of 1 million or more folks, stuff is inevitably dispersed
however, to say shanghai is not critical would be foolish
beijing, on the other hand, is just so so, when compared to shanghai
the ruling party, by definition, is dispersed, all over the place
i think the crux of issue is not so much a bomb removing a lot of people and buildings
the crux is the psychological change
i make one pertinent observation: it has been extraordinarily rare, to the point where i cannot recall any material instance, where riots and looting breaks out in any city during times of natural disaster, and so perhaps the society will hold together through thick and thin
but why are we on this topic? i was talking about the monetary system that is faith based, when faith ought to break |
