Sometimes the truth is pretty simple. From Charles Hugh Smith at oftwominds.com:
Virtually every major program of every major nation-state is financially unsustainable going forward.
Though triage is typically used in a medical setting, we are entering an era when financial triage will increasingly be necessary on a household, enterprise and national level.
The term triage may have originated during the Napoleonic Wars from the work of Dominique Jean Larrey. The term was used further during World War I by French doctors treating the battlefield wounded at the aid stations behind the front. Those responsible for the removal of the wounded from a battlefield or their care afterwards would divide the victims into three categories:
Those who are likely to live, regardless of what care they receive
Those who are likely to die, regardless of what care they receive
Those for whom immediate care might make a positive difference in outcome.
Financial triage is the process of sorting financial expenses/ programs that are unsustainable and cannot be “reformed”, those that cannot be saved except with systemic reforms, and those that will survive if simply scaled back.
To continue reading: The Coming Era of Financial Triage
