Learned helplessness and collapse theory

I love reading your doom predictions

Medium is so much fun. I don’t know where else I’d find such a collection of doomsday writers, all busily churning out well written essays explaining when and how our world will collapse.

I disagree with most or all of the pessimism, but I really enjoy reading and trying to understand the underlying psychology and life situations of the writers — what drives you to believe the human race is about to end?

The “end of days” narrative is occurrent in liberal circles as much as it is in hard right conservative circles, though it comes out very differently in each. The latter responds by bunkering, accumulating firearms and survival supplies, and people coaching each other on what to do when the muslim terrorists or the drug cartels take over the government. The liberals don’t appear to be preparing — they just predict the end and have not built a plan-B for when it all comes down.

Collapse is certain, if you believe the Medium writers and the detailed theories they promote. Banking collapse will be an inevitable symptom of the allegedly top-heavy class system and a monetary policy built on a foundation of sand — this is what I’m getting from our brave writers. The risk calculus of banks will meet an obvious reality when the cost of capital eventually exceeds even the highest possible valuation of the investments made, and when investors rush to cash out this will trigger a generalized run on banks, leading to…