Comments by "Kristopher Driver" (@paxdriver) on "Finished! Unable to Sell Anything, Domestic Demand Dead, 70% Goods Dumped Abroad at Low Prices" video.

Even if people were wealthy, demographics will eventually be doing this too. The economy needs to expect to contract a lot more than this, I'm afraid. Like 50% plus the overshoot that speculation causes would be perfectly healthy. That means a whole lot of people who used to run strong businesses will be bankrupt through no fault of their own, persay. That's what growth by debt does to every single economy we've ever known as humans. Propping up valuations and compounding that for decades has to have this effect, as does irregular population growth. Add the two together and there's a long way down from there. Try to stop or slow it and you'll only spread more pain out longer, and when compounding over time that can be far more costly than doing nothing about it. Build big safety nets and rebuild from the fall. It's way better over a lifetime for everyone imho.
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