The Rise of City States

While we are all glued to the continuous calamity surrounding us, it is beneficial to look to history for lessons that have been both learned and often forgotten. Take, for example, The Panic of 1837 — this economic milestone is often discussed as a financial crisis that lasted until the mid-1840s in the United States. If you research the topic a bit, you’ll find that the economic hardships felt in the United States were also connected to the financial health and strength of other nations, including Great Britain. During this time of economic hardship (seven years), banks fell, businesses failed, prices declined, and thousands of workers in the U.S. lost their jobs.

It isn’t hard to see similarities between 1837 and what we are seeing (and what we will be seeing) post-COVID19. If you follow me on Twitter, you know that I support a mindset that favors local communities and promotes giving all communities the resources and tools they need to prosper. This is not against government; this mindset is the strength of government that cares for people more than profit.

What I see happening going forward is an increase in the strength of communities, rather than large entities. In other words, the best way to mitigate the effects of economic hardships following COVID19 is to support your community and support local businesses.

My prediction for 2050 is that many nation-states may fail — financially, politically, militarily, intellectually, morally, and spiritually.

Conversely, small communities (often called ‘city states’) will be in control of their own prosperity, with citizenship as ownership. The citizens of these local communities will evenly share responsibility for the GDP that will drive the city states’ market capitalization.

What are your thoughts on this?

Follow me on Twitter @shervin.