Economic cycles are part of the economy. It allows for clearing of deadwood and renewal of purpose. A bust, a depression, is not normal. A blip for capitalism it reflects overheating, over revving, overloading and burnout. Capitalism will recover, however many people have been ruined.
Looking at a pothole analogy. Africa has many, but even in the best of counties a road will eventually have a pot hole. But using a combi that has a normal load at a decent speed under control will barely notice the pot hole. Given that it is a big pot hole a wheel change may be needed in a slow down.
Why the burn out? The controls failed whilst carrying excess. They failed big time. Like a Combi carrying too many people, too fast and poor controls, just needed one pothole and wipe out.
What is needed is a vehicle repair and off loading of excess until the strength can be rebuilt.
What I see is that the controls that failed are now trying to do the driving as well, keeping the excess load and putting on more passengers for payment for services of getting the thing going again.
The problem still is there so the economy is going to, at best, accelerate slowly, at worst wipe out on the next bend.
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