“The Great Reset” will be the theme for Agenda 2030 Sustainable Development lead by the United Nations and the World Economic Forum. Economic progress is not continual and inevitable. If we continue on this trajectory, there will be a “great reset” and there are some strong indicators that it’s already underway. Sustainable Development
Poor credit and lower incomes made them the most susceptible to trouble in the larger financial system, and they showed signs of distress first – missed payments and foreclosures. The whole system was cracking up, but we saw it here first.
What happens if the world faces a crisis? Can we respond to huge job loss from unforeseen automation? What about a foreign policy crisis, or infrastructure collapse? The economy, with its current loss of dynamism and innovation, would have trouble responding to any sudden crisis. The federal government, with so much revenue already tied-up, would as well.
If we stay on the course of complacency, a great reset will happen and it won’t be pleasant. But it’s not all doom and gloom.
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