I’m reading about Lebanon and what it has been through, especially in the last several years. Inflation is out of control, where salaries are meaningless and grocers don’t even bother pricing their items because they can’t keep up with the changing rate. Basic human services like trash collection and electricity are not available. Citizens resort to holding banks up at gunpoint to get their own money out.
What happens when a country collapses? What does that really mean? What happens to all its people?
Edit to add another question: Is it actually possible for a country to be so mismanaged that its people literally all die out or leave?
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Money has no intrinsic value. Its simply a means of converting 1 good or service into another. For stable economies it works very well however if resources are unsustainable then money quickly becomes useless. Since it has no intrinsic value it becomes quite difficult to trade it for anything that does.
Imagine you are in the zombie apocalypse. Its been years since you have seen another human. You have 1 year worth of non perishable foods stockpiled. Is there any amount of dollars you would trade it for?
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