Why Nations and Economies Can Fail

The world is currently in a relatively peaceful state with billions of people living under a comfortable roof and feels warm enough during winter nights. Many do not suffer, but it is very possible for all these things to be flipped over in a matter of days. The economy and `peaceful' nations that we see today are not forever. Take Greek, for example, a nation that used to possess the highest level of civilization is now drowning in debt.

The extractive economy (a system that relies on harve...