Do we have the capability for advanced socialism? Because I recall all the smartest economists circa 2021 saying inflation wasn't a thing, it's transient, it's only covid affected supply chains. In reality we are in an broad sticky inflation crisis not seen since the 70s, which may be turning into a regional banking crisis.

It's difficult to believe we have reached advanced socialism capabilities, and all of the forecasting that would require, when we don't even understand the basics of forecasting inflation 1-2 years out.