When we talk about the “economic collapse” in the U.S., it is in reference to bubbles bursting and credit default swaps gone wrong.
Sadly, this is the literal version of an economic collapse:
That is what used to be Unibank, the largest bank in Haiti. I took that picture driving by it with my dad on our way to drop me off at The Oloffson. The following day I walked over there to get a closer look:
Here’s an aerial shot as well. I didn’t take that one though, Google did.
There are no bailouts for this kind of damage.