Given the massive concentration of capital to a small pool of behemoths that seem to be paying their employees to not start a competitor and the amount of debt

Given the massive concentration of capital to a small pool of behemoths that seem to be paying their employees to not start a competitor and the amount of debt being carried around by the majority of public companies, I'd say it's far more likely we're headed towards a period like 1982 but with new players than we are heading towards the 2000s and 2010s again. Companies saddled in debt will have a hard time innovating but their market presence is worth buying.