We, Austrians, all know that government interventionism is responsible for the breakdown of societies.
In modern history, there has been several economic collapses, such as in Argentina, Chile, Cuba, Russia, Germany, Hungary, etc.
I would like to know if one can identify the stages of economic collapse and compares them to our current situation. What happens in each one? Which inning are we in?
Also, I have read Dmitri Orlov’s article of the stages of economic collapse - which outlines the conditions of such state. If anyone else here has read the article, please let me know what you think of it.
