I think in the future, many are going to relearn some of those lessons whether they like it or not. Like you have said, this can't be sustained and eventually everyone is going to pay for it. Most likely not in our lifetimes, but it will happen.
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I agree, there are tough times coming and I don't just mean in third world countries. Many will suffer and...maybe then there'll be some change? Maybe not though...certainly a reckoning though.