The Concept of Super Cycles and its Long-Term Impacts

In this chapter, they discuss the concept of super cycles in the economy and how they have long-term impacts on various aspects of life such as income, mortgages, job opportunities, and wages. They compare the economic trends of the 1970s to the present and suggest that we may be at the beginning of another major super cycle. They mention the importance of looking beyond short-term cycles and considering the structural changes that are shaping the world.