It’s all a matter of perspective.
In a previous post I argued that economic contraction is necessary and in fact underway. Is this “Collapse” — that scary term that so many authors love to throw around?
I find the C word to be counterproductive. Depending on where you are standing as the grand cascade of change ripples through, the ruthless C word might be how it all feels to you in the moment. But the big scary C word disclaims all the brilliant aspects of the new, emerging economy. It denies that there is anything positive going on.