Brace yourselves - researchers at the Massachusetts Institute of Technology are predicting the "next great depression" could hit as early as 2030, echoing a controversial 1972 report that made the same prognostication.
Scholars at MIT's Jay W. Forrester Institute say that if the globe continues to consume our resources at the current rate, we can expect a "global economic collapse" and "precipitous population decline." Twelve million copies of the report have been produced and distributed in 37 different languages.
The latest edition of Smithsonian Magazine quotes physicist Graham Turner as saying "the world is on track for disaster." Turner said the study's most startling revelation was that new scenarios are nearly identical to previous warnings printed in a 1972 report, "The Limits to Growth."
"There is a very clear warning bell being rung," said Turner. "We are not on a sustainable trajectory."