• tetris11@lemmy.ml
    0·
    3 months ago

    They’ll survive it, their markets and investments aren’t overvalued like ours are. They’ll crash, re-evaluate their societal priorities, and start to build again

      • tetris11@lemmy.ml
        0·
        3 months ago

        I mean every society has to rebuild after a crash, I’m just optimistic that they’ll do it faster

          • tetris11@lemmy.ml
            0·
            3 months ago

            Got a summary? I know the onus is on me, but I’m not likely to dig much further

              • tetris11@lemmy.ml
                0·
                3 months ago

                Yeah, but that’s only a problem if elderly orderlies is an underpaid job that no one wants, and if people can’t afford to live on it when choosing such a profession.

                If the economy adjusts or society adjusts such that caring for the elderly is a highly sought out and secure job that can easily pay a mortgage, what’s the issue?

                This is what I mean when I say they will crash and their economy will adjust.

                  • tetris11@lemmy.ml
                    0·
                    3 months ago

                    Under the current system. All retirement vehicles dependent on the investment market will crash horribly. Anyone with retirement funds in such a crash is doomed. Which will force a reset and a switch to a new financial system (see: Turkey’s various resets over the last 50 years, or Greece in the last 10). Money will be lost. The system will reset, re-valuate the demand for such services, and people will be paid in a new currency to plug the supply.