California on the Brink

[Perry Winkle]

Originally Posted by slang

A world wide reboot seems possible.

I don't like the word reboot. It implies everything stopping and restarting. I don't think this will happen. There has never in recorded history been a time when all corporate entities (including governments, of course) have ceased functioning and all commerce has dried up. Mercury is too powerful a voice in the hearts of man.

Some institutions will topple completely and be rebuilt on new footings. Others will be radically restructured from the inside out. Some institutions, like venture capital, will evolve like they always have.