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Resources don't plummet to zero. Prices rise gradually and people change their behaviors gradually. That's not a bomb.
by rukittenme 9y ago
Resources don't plummet to zero. Prices rise gradually and people change their behaviors gradually. That's not a bomb.
- rohit2412 9y ago1) Prices don't rise gradually on supply demand mismatch. They can rise as much as somebody can pay 2) People will not really change behavior. Say a country of 1 billion people can only grow food for 600 million people due to a draught. Maybe the food can be stretched to 700 million, but don't expect it to be enough for 1 billion people. In this case, hundreds of millions will die of starvation and the remaining 700-800 million will pay hand over foot for food. That is the "bomb".