“ I believe people were on average stronger and more resilient people alive today”
People step up very quickly once they have to face a difficult situation. A while ago I talked to Ukrainian about their war. He said some years ago he couldn’t have imagined living in a war zone but once it gets started you get used very quickly to drones flying over you, buildings in your town bring blown up, losing power for days, hiding in the basement. It very quickly becomes normality.
Some do, others sit down and cry until they die. Read “Deep Survival “ to get inside the heads of people going through severe hardship.
> People step up very quickly once they have to face a difficult situation.
You have to have people that can step up: at least in the US, I do not see evidence of that. Not in the White House, not at the SEC, not in Treasury and Commerce.
The most recent cataclysmic event (GFC/2008) at least had smart people around: Bernanke happened to be in charge and he was once of the foremost experts in the Great Depression. Paulson also had notable experience before Treasury. Who do we have now?