JA WestenbergEquilibrium is not the same as a good outcome. The economy found equilibrium after the Industrial Revolution too, and for several decades that equilibrium included child labour in textile mills and life expectancy in Manchester hovering around 25. What matters is how much unnecessary suffering we allow between here and there, and whether the new normal we settle into is one worth living in.
https://www.joanwestenberg.com/a-soft-landing-manual-for-the-second-gilded-age/
A soft-landing manual for the second gilded age
By the summer of 1945, West Berlin had been reduced to rubble. Allied bombing, the Soviet ground assault and Hitler's insistence on Götterdämmerung had destroyed roughly a third of the city's buildings and left most of the rest damaged. There was no functioning government, no reliable electricity, no clean water
Allan Chow