Most 1st world democracies are stuck in this trap, because their voters won’t accept short term pain that is necessarily for long term gains. They won’t raise taxes, they won’t invest in long term capital projects, and they all want to make as much money as possible as quickly as possible and blow it on all hedonistic pleasure, hence why everyone seeks to financial everything and pursue asset value growth…

The problem being that asset growth makes the rich richer, and deprives those without assets from every having a piece of the pie. It also devalues labor…

The sad truth is if you made some bargain, like asset values deflate buy 25%, by salaries double over the next decade… the voters won’t never accept it. Even if in the long run it would make everyone’s lives better.