- Jun 28, 2004
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Social scientists sometimes classify collapses into five tiers.
1.) Business Collapse, lack of demand causes firms to cut hours or even close shop.
2.) Fiscal/Liquidity collapse, There is not enough money to lubricate the economy.
3.) Monetary Collapse, The currency is no good or subject to hyperinflation.
4.) State Collapse, the state disintegrates or at least no longer has a monopoly of legitimate use of force.
5.) Societal Collapse, kin kills or abandons kin and that includes parents abandoning or selling child into slavery.
So I guess the Walker run off campaign is about being a Texas resident who runs on a tier five collapse. Very normal, very cool.