I think many people will say it's already not the same as it was. It's not just a US issue though. It's a global issue. Every country is in the same boat. That's what's scary about it.

I think Ray Dalio is right that we are near the end of a kind of super cycle with multiple cycles converging towards some kind of major collapse.

We will have to reorganize a lot of things. I hope technology will provide us the support we need to rebuild without the capitalist incentive structure.