It all depends if governments can have control over the collapse. I don't think it will be possible, but they will try (and fail).

It’s not really a question of what governments are going to try to do; It’s a question of what you and I are going to do. Governments will try to preserve the status quo for as long as possible even though doing so will destroy the middle class. When a majority of the population realizes that middle class security is disappearing from the world then the real fun will begin. The transformation that follows will indeed be chaotic, but a new order will come into being only as a result of people rolling up their sleeves and doing the hard work of creating it. The era of being passive consumers is coming to an end. You had better decides what it is that you really believe in and be prepared to go to the streets to promote and defend it.