Hobbes Understood Why It May Be Rational in Unstable States to Heavily Discount the Future

"In [the war of all against all], there is no place for industry; because the fruit thereof is uncertain."

- Thomas Hobbes, Leviathan, Chapter XIII, "Of the Natural Condition of Mankind as Concerning Their Felicity and Misery"

More on the rationality of future discount rates in Japan and Somalia here.