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We can only choose one: open, dynamic stability (evolution) or autocracy (instability and collapse). When the fundamentals of life change, every organism must evolve or die. This is equally true of human organizations, societies and economies. Evolution requires conserving what still works and experimenting until something comes along that works better.

Global food production rests on soil and rain. Robots don’t change that. Of all the modern-day miracles, the least appreciated is the incredible abundance of low cost food in the U.S. and other developed countries. The era of cheap food is ending, for a variety of mutually reinforcing reasons.

The cycles of The Fourth Turning, Fischer and Turchin are all in alignment at this point in history…

All of these are structural dynamics that won’t go away in a few months or years. Let’s explore what’s different now compared to recessions of the past 60 years.