Each country has its own attritude and importance to survive in this world. Like US consumes a lot and China produces a lot, it is a circle. If US fails, China will be in trouble, no more US troops to “protect” peace in Afghanistan…. The rich cannot survive without the poor. America cannot survive if he kicks out all illegal immigrants or foreign workers.
If you look back to 30 years ago, how many crisis, bubbles, SARS happened ? after that, life still goes on. I remembered I still needed to go to the class after the date of 911. SARS in Asia, people think it was end of world. Now, the house price in china goes up crazy even US house price drops. Price and salary still goes up after the bad time. A downhill is another uphill coming. No matter how bad the situation is , the world is still running, it won’t wait for anyone.
More people on table won’t get smaller piece of pie because the non-competitive one will be kicked out of the table. It is cruel but it is real life. Human will fight for their own good or look for another way out.
People in CA flee to other states because of high tax, expensive house… but there are still many people moving into CA. Why ? nice weather, beach even earthquake. Even house price drops now , it will eventually go back to the level of 2006-2007, and pass this level afterward.