There’s another explanation that I find fits better: that the last ~70 years have been an extraordinary confluence of good luck and peak resource extraction tha

There’s another explanation that I find fits better: that the last ~70 years have been an extraordinary confluence of good luck and peak resource extraction that is no longer viable going forward. Scarcity was always going to become a thing again, and Covid pulled that crash forward by a decade. There’s no stuffing the genie back in the bottle now. We’re going to be paying the price for the corporate excess of the 90s, 2000s and 2010s for the next few decades in the form of climate change, disinformation, authoritarianism and the ensuing civil unrest. Thanks to the combination of the last three we will continue to be unable to muster a coherent response to any problem going forward. Maybe we can have some good times again eventually, but the next decade or two are going to be rough.