Part 10/15:
The discussion shifts to potential policy responses. Sorcin suggests that a new social compact—akin to the New Deal—might be needed, but real challenges lie in funding and public trust. Echoing others’ opinions, he argues that the focus should be on reducing government spending and managing societal expectations, rather than increasing it.
He emphasizes that many of the promises made—access to education, healthcare, homeownership—have driven excessive spending and distorted markets, fueling inequality and cyclic crashes. A sustainable path, Sorcin suggests, involves honest conversations about trade-offs: less spending, lower expectations, and higher resilience.