World Economy Crash: Impact & Causes

  • Thread starter Thread starter jk22
  • Start date Start date
  • Tags Tags
    Crash Economy
AI Thread Summary
A discussion centers on the implications of a global economic crash, with participants debating the nature of economies as closed systems. One viewpoint suggests that if the economy crashes, it implies that the functioning parts of the economy must have shifted elsewhere, potentially hinting at unknown or extraterrestrial economies. However, others argue that this perspective reflects a misunderstanding of basic economic principles, emphasizing that an economic downturn does not necessitate the existence of external economies. The conversation critiques the notion of extraterrestrial economies as an explanation for economic phenomena, highlighting the need for a clearer grasp of economic concepts.
jk22
Messages
732
Reaction score
25
Suppose the world's economy crashes, this would mean :

1) it was not the whole world, since the Earth economy is a closed system, so the well going economy went somewhere else not known ?

2) there are extraterrestrial economies outside the solar system maybe ?
 
  • Haha
Likes davenn
Physics news on Phys.org
An economy crash means that the economy rapidly deteriorates compared to its previous state. It doesn't have to go somewhere else.
 
  • Like
Likes Astronuc, BillTre and sysprog
jk22 said:
Suppose the world's economy crashes, this would mean :

1) it was not the whole world, since the Earth economy is a closed system, so the well going economy went somewhere else not known ?

2) there are extraterrestrial economies outside the solar system maybe ?
In addition to what @AndreasC said, it sounds like you need to study some very basic economics. Hypothesizing extraterrestrial civilizations for such a simple concept is a bit off the wall.
 
  • Like
Likes Wrichik Basu, davenn, BillTre and 3 others
Please pardon me; chips in England are still fries in the US, right?
 
Freedom fries.
 
  • Haha
Likes Hamiltonian, BillTre, etotheipi and 2 others
jk22 said:
1) it was not the whole world, since the Earth economy is a closed system, so the well going economy went somewhere else not known ?
What do you think closed system means?

1609003441323.png
 
  • Haha
  • Like
Likes BillTre, Astronuc and phinds
Thread closed. This is either not a serious question or it is based on a very naive understanding of how economies work.
jk22 said:
Suppose the world's economy crashes, this would mean :

1) it was not the whole world, since the Earth economy is a closed system, so the well going economy went somewhere else not known ?

2) there are extraterrestrial economies outside the solar system maybe ?
 
  • Like
Likes davenn, berkeman and BillTre
Back
Top