We actually have many backup plans. The most effective ones will be the new business plans that unlock investment which is what creates new jobs. But behind that are a large set of government policies and services that help people who have lost work. And behind that are private resources like charities, nonprofits, even friends and family.
People don’t want society to collapse. So if you think it’s something that people can prevent, feel comforted that everyone is trying to prevent it.
Compared to 30-40 years ago, I believe many in the US would argue that society has already collapsed to a significant extent, with regards to healthcare, education, housing, cost of life, homelessness levels etc.
If these mechanisms you mention are in place and functioning, why is there, for example, such large growth of the economic inequality gap?
People don’t want society to collapse. So if you think it’s something that people can prevent, feel comforted that everyone is trying to prevent it.