$1.2 Trillion Later, and Air Traffic Control is Still Using Floppy Disks

by James Hickman
Schiff Sovereign

In 1988, a Professor of Anthropology at the University of New Mexico named Joseph Tainter published a book called The Collapse of Complex Societies.

Now, “collapse” is a strong word that conjures images of apocalyptic scenarios… Mad Max or Hunger Games drama. But that’s not what Tainter intended.

He uses the term ‘collapse’ in its academic, anthropological meaning, i.e. a breakdown of strength and order in society. In fact Tainter’s entire career has been devoted to investigating how large, sophisticated civilizations throughout history ultimately “collapsed”.

I first read Tainter’s book more than 15 years ago. And, even though it is a work of anthropology, it is, in my opinion, one of the best books on economic history ever produced.

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