We can definitely see it in real time, the collapsing of these centralized behemoths. The fallout is what’s going to be the biggest challenge, what is going to happen and when? Where are the good opportunities and where are the bad ones? 

The crap going on in China is wild, not only are the buildings vacant but they are quite literally also falling apart and obscenely poorly constructed. The materials and craftsmanship are so poor that high rises have structural columns that you can walk over to and pull a chunk off with your fingers with little resistance. It’s appalling but it’s the definition of crony capitalism and the hideous baby they have when combined with a communist state. Everything is shoddy and horse shit over there, it’s baffling how people aspire to do what they are doing. Race to the bottom on a crumbling plane? No thanks, you get in that I will stay on the ground. 

Decentralization is the way forward and I think it’s a balance that humanity has been undertaking for several hundred years, really back to the origination of widespread trade via the Silk Road. It prospered for a few generations then centralization and greed took over for a while and things fell apart again. It seems like we are at a similar stage but decentralization does win out in the end, the timeframe is the big question.