Technology will reduce the cost of living drastically. People will be able to live comfortably on a few hundred dollars a month.
Government handouts will end. Math is absolute. Hard landing, or soft? The only choice left.https://twitter.com/BabisGakis/status/1084713892343889920 …
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Human demand and desires are limitless. You wouldn’t be satisfied even with improvement in technology. An average joe today lives just as well as the Kings and Queens a few hundred years ago, yet here we are talking about inequality, min wage, high cost of living.
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Rome had a hard landing .... if you can even call it that.
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Would Greece be the soft landing and Venezuela the hard one?
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You underestimate the effectiveness of private charities.
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Hard landing is the most likely outcome and can be more beneficial to the west in the long-term than a soft landing. As traumatic as a hard landing would be, the scars it would leave on the west would be more likely to prevent future mistakes of this nature from occurring.
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