The only possible economic response is a full Jubilee

[Recursion]

Lev 25:10-17

And you shall hallow the fiftieth year and you shall proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you: you shall return, every one of you, to your property and every one of you to your family. That fiftieth year shall be a jubilee for you: you shall not sow, or reap the aftergrowth, or harvest the unpruned vines. For it is a jubilee; it shall be holy to you: you shall eat only what the field itself produces.

In this year of jubilee you shall return, every one of you, to your property. When you make a sale to your neighbor or buy from your neighbor, you shall not cheat one another. When you buy from your neighbor, you shall pay only for the number of years since the jubilee; the seller shall charge you only for the remaining crop years. If the years are more, you shall increase the price, and if the years are fewer, you shall diminish the price; for it is a certain number of harvests that are being sold to you. You shall not cheat one another, but you shall fear your God; for I am the Lord your God.

There's controversy among scholars over whether this particular text is pre- or post-exile, but the gist is: every 50 years in ancient Israel, people wouldn't work for a year and just glean the surplus from previous years. Simultaneously, all debts would be cancelled. It was like a giant reset button on their economy; it prevented wealth and poverty from accumulating over multiple generations.

Looking at the projected GDP numbers, and what that will mean, I'm starting to think that's the only real way out we may end up having.

[Squinch]

1. Problem is you need to prepare to do that. If you're not going to

reap or harvest for a year, you better have planned for all those people returning to their families.

But instead, we squandered our options during fat years and there is nothing now to use to get us out of this trough.

The cancelling of debt will help, but who knows if it is enough, because the rich won't play this game.