Comment by Nevermark
10 hours ago
Big problems are solved by years of investment and good decision making.
Unfortunately, going after causes or correcting symptom in any kind of hurry acts as a massive destabilizer at exactly the moment systemic destabilization provides the motive/momentum for taking action.
Hard course corrections at critical pressure, in a complex system, is a value destroying reset.
Companies can do this. Mass layoffs, capitalization sell off, etc. And then recover over time, because the rest of the economy around them is mores stable and the pain gets diluted. Entire countries doing this doesn't work out so well.
But it would appear, that may be the path we are most likely to take.
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