2012 EVT: Public Resources and Lenders (The Chronicles of Everstate)

Last week’s summary: In 2012 EVT, Everstate (the ideal-type corresponding to our very real countries created to foresee the future of the modern nation-state) sees a mounting discontent of its population because it has become insecure considering the impact of the new still misunderstood conditions. Three related phenomena drive Everstatan political authorities’ incapacity to deliver security. First, Everstate faces a changing set of resources implying an income that is relatively too low while costs and expenditures resulting from accumulated threats and pressures rise inexorably. Added to an Inability to understand the situation and a use of past recipe, this leads to both a chronic and deepening budget deficit and an increasing demand for liquidity. Individually, citizens face the same challenge, which heightens the need for liquidity.  (The reader can click […]

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Budget Deficit and Liquidity (The Chronicles of Everstate)

That year, in Everstate (the ideal-type corresponding to our very real countries created to foresee the future of the modern nation-state), people seek security as they increasingly feel the negative impact of various pressures and threats on their life. Henceforth they turn to their political authorities and even start trying to compel them to provide this security. Through those actions, Everstatans start to remember that, as part of the nation, they are also rulers of Everstate. Yet, the situation is growing worse because the tasks of governance have grown more complex while the governing system and the polity are not yet adapted to the new conditions.

The first phenomenon driving  Everstatan political authorities’ incapacity to deliver security is a deepening budget deficit and an increasing need for liquidity[…]

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