Economic Risks of blowing up Death Stars

Gepostet vor 1 Jahr, 1 Monat in #Misc #Science #Economy #StarWars

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Ein Ökonom hat ausgerechnet, wie groß das Risiko einer galaktischen Finanzkrise durch explodierende Todessterne ist und wieviel Reserven die Rebellen bräuchten, um eine Ökonocalypse zu vermeiden. Ergebnis: Die brauchen zwischen 15 und 20% des Bruttogalaxisprodukts für Bailouts, um die Erschütterung der Macht aufzufangen, was angesichts der Größe so einer Galaxis arschviel Credits sein müssen. Jedis halt, immer Friede, Freude, Eierkuchen und kein Plan von Wirtschaft, ey. Paper: It’s a Trap: Emperor Palpatine’s Poison Pill

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deathstaaaFeinstein goes with the reasonable assumption that the Death Star took a Manhattan Project proportion of resources to make, and working backwards derives the relative size of the Imperial economy. The net result: if the first Death Star cost the Empire $193 Quintillion (in 2012 U.S. dollars), then the gross domestic product of the galactic economy was roughly $4.6 Sextillion a year.

Feinstein isn’t directly concerned with the costs. Instead, he wants to understand the banking and financial mechanisms that sustained a project like that. Following logic stitched together from prequels and Wookiepedia, we get a galactic banking sector with assets that are 60 percent of the gross galactic domestic product. Since these banks are likely heavily invested in the Empire itself and the Death Star specifically, the destruction of one Death Star by intergalactic terrorists and the collapse of the Empire following the destruction of the second, would devastate the galactic markets, and create a financial crisis on a truly massive scale.

To avert this catastrophe, the Rebel Alliance would need to have not just the legitimacy of Imperial defeat, but tremendous reserves of hard cash to bail out the collapsing financial system. Feinstein concludes: „In this case study we found that the Rebel Alliance would need to prepare a bailout of at least 15%, and likely at least 20%, of GGP in order to mitigate the systemic risks and the sudden and catastrophic economic collapse. Without such funds at the ready, it likely the Galactic economy would enter an economic depression of astronomical proportions“.

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