[AnimalMuppet]

Boomers ruin everything by retiring? I thought the story was that they were ruining everything by not retiring, thereby not giving chances for younger workers to move up.

Anyway... think about driving a car down the road. You're never more than a few seconds from crashing. (How long can you keep your hands off the wheel before trouble comes?) But you don't crash, because you keep steering. In the same way, we're always headed for collapse. Hopefully, we keep steering.

But you can look at this on two levels. On a societal level, yes, we're headed for collapse, like always, and hopefully we keep steering well enough to prevent it. But on a company-by-company level, a bunch of companies are headed for collapse (like always), and some of them will not prevent it (also like always) due to short-term greed or incompetence. (Maybe short-term greed is a kind of incompetence?) As I said, this is like it always is. Companies fail because they don't manage this kind of intergenerational knowledge transfer. It happens, it has happened, and it will continue to happen. That's not "systems collapse", though, unless one company fails that is so critical that the system can't adjust or recover.