
5
AFTER THE CRASH
There is unanimous agreement that The Great Chaos profoundly altered human civilization in every way. No segment of society was immune. The catalyst for the relatively rapid collapse of the existing institutional infrastructure was the market crash and subsequent breakdown of the global financial system; however, these events would not have been sufficient, by themselves, to project the world into a period of unprecedented depression. What followed the initial crash would have been only a comedy of errors if so many lives had not been lost as a result of the poor planning. Inept world political leaders first denied or ignored the existing economic problems, then overreacted with a suite of individual measures that were baffling and!or inconsistent, and finally threw up their arms in despair as the global crisis deepened and spread. Attempts to coordinate international solutions were doomed to failure by the increasing need of each of the sovereign nations to respond to its own constituency.
In hindsight, it was obvious that the intemationalization of the world that had taken place during the twenty-first century had been flawed in at least one significant way. Although many activities — communications, trade, transportation (including space), currency regulation, peacekeeping, information exchange, and environmental protection, to name the most important — had indeed become international (even interplanetary, considering the space colonies), most of the agreements that established these international institutions contained codicils that allowed the individual nations to withdraw, upon relatively short notice, if the policies promulgated under the accords no longer served the interests of the country in question.
