Read an Excerpt
Excerpted from the Prologue
From page 1, The Argus,
Three Years on—Still No Answers
The ability of humankind to emerge from calamity into better times has manifested again and again throughout our history. The plague-ridden and religiously extreme Middle Ages birthed the Renaissance, the opening of the world by sail, and the Enlightenment’s bright lights of science. Last century’s appalling World Wars, with their unprecedented casualties, spurred discoveries that have yielded extraordinary peacetime benefits: penicillin, rockets, and jet travel. It remains, however, difficult to imagine what reward could come from the dark event that occurred three years ago today, the repercussions of which continue to be felt by each of us, in every corner of the globe.
On that Wednesday—commonly known as Gray Wednesday in the West, Black Wednesday in Russia, and the innocuous Day of Change in the People’s Republic of China—few of us could have predicted how different our world would be today, three years on. None of us could have been expected to; no single event has so definitively tied psychological harm to economic depression and technological failure. The hallmarks of disaster, though, were instantly apparent: at just after 10:00 GMT, the earth’s poles switched. Every compass in the world swung 180 degrees, and two hundred and sixteen passenger jets either collided or simply fell from the skies, with their navigation systems fatally flummoxed. No one knows how many smaller aircraft also fell, but estimates range between seven and sixteen thousand. Almost all post–Cold War satellites met a similar fate, with their onboard computing systems
instantly and simultaneously failing, plunging global telecommunications into a new age of darkness from which we have only barely begun to recover. Few civilian organizations—indeed, few governments—have been able to launch new satellites because of the economic despair that now seems so deeply entrenched that many are regarding it as the new status quo.
We still tell our children that the sun rises in the east and Santa Claus lives at the North Pole, but we all know that north is south and the world is upside down in so many ways. The state of the global economy is dire. Unemployment here remains at 21 percent; in the UK, the USA, and Germany, it is closer to 25 percent. Japan, which was still recovering from nuclear disaster when Gray Wednesday occurred, is worse still, with unemployment at around 30 percent and rising. We don’t know what is occurring everywhere; Saudi Arabia, Pakistan, Serbia are among the countries that have sealed their borders. But in those nations which are still attempting to participate in world trade, it is not just their blue-collar industries that have been decimated by depression and suicide: all sectors of all industries were hit hard by Gray Wednesday. The lack of a reliable workforce in the mining sector has resulted in coal shortages and power outages. Oil companies have suffered similarly, resulting in a rapid escalation in the prices of crude oil and refined fuels like gasoline and diesel. Most manufacturing industries have reported significant downturns as a result of erratic supplies of material, power, and workers. Crop and livestock industries are, if anything, even worse off; the rice, tea, coffee, cocoa, and rubber industries have all shrunk enormously in scale, and the resultant explosion in commodities prices has escalated inflation in countries too numerous to mention. With the sharp collapse in the value of legal tender, people everywhere have turned to older-fashioned means of exchange. Black markets have burgeoned, and almost everyone now uses barter at least a little and sometimes exclusively, further reducing governments’ tax incomes. Poorer governments mean poorly paid government workers and a commensurate vulnerability to bribery. The conviction last month of the federal agriculture minister for contempt of Parliament is the tip of a large iceberg. As companies collapse and their surviving contemporaries scramble to fill the voids, graft and blackmail are becoming well-honed tools in all sectors of business.
The challenges to national economies have been worsened by a dramatic shift in global weather patterns in the past thirty-six months. Rain-fall patterns have changed on all continents, and average temperatures have swung by up to seven degrees Fahrenheit: summer heats are rising, and the past three winters in the Northern Hemisphere have been the coldest on record. Climatologists speculate that the cause of this was the switching of the poles, but detailed research may take decades to conduct and unravel. Some people are not prepared to wait that long: in Turkey two years ago, and in South Korea last month, members of religious sects committed suicide on a massive scale—four thousand lives in total. Death on a smaller, more murderous scale occurred in January, when four men and a woman drove a bus packed with explosives through the main gate to the Large Hadron Collider, near Geneva: the explosion killed them and twenty-three staff members.
Nothing, however, has ameliorated the situation that Gray Wednesday has left us in. The federal Commission of Inquiry drags on, now under its second commissioner and still with no tangible results. Government-funded and private policy institutes have made innumerable recommendations to help preserve liquidity and protect jobs, but none have made any inroads toward finding a solution. Our country is not alone; the rest of the world is just as baffled. Our guests that arrived on September 10 three years ago seem fixed to stay; the psychological impact of their arrival may have to be judged by future generations. In the meantime, our economies run flat and our stomachs get emptier. The question remains: Where is the silver lining? Where, in short, is the hope?