What actually happened: 1. We assumed the stack has a pause button. We decided to hit what looked like a pause button, to trade a major health crisis for a major economic crisis. 2. It does not. We actually crashed it. 3. A backup stack we didn’t know existed kicked in
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In a way this is the other side of the yin-yang. Pre-covid was the old stack with patches of localized new stack units. The rollback will be new stack with patches of old stack units. It will be an unholy mess that will take a decade to cleanup.
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So if this hypothesis is correct, the reboot problem is a tech problem: how to finish the unfinished stack that has been hot-swapped in? I think if the economic approach aims at this problem, it will “take” otherwise it will not, and trigger a secondary larger technology crisis.
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By which I don’t mean a tech market crisis like the dotcom bust, I mean an actual tech crisis like Y2K. But way harder.
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