Dramatic collapse is way overstated, but it will cause some pain and hardship. I have long said that Japan is the canary in the coalmine for the entire industrialized West. It is still a great place. The rural areas are going through a bad spell and people there have to basically give away real estate now, but the day to day life is fine. Everything is built on Excel files that have perpetual growth. No one's model assumes anything ever going down. That mindset has to change. Trees don't grow infinitely into the sky. The biggest issues will be taking care of retirees and maintaining infrastructure across a smaller population base. It ends up costing more on a per capita basis.
So on board with this. And I think it seeps into football. And college football. The exploding volumes of money for college football are built on those same Excel sheets assuming that perpetual growth.
There's nothing (apart from the fact that Social Security ABSOLUTELY needs to be addressed/radically changed) specific we need to do. Nothing in this is inherently bad and there's plenty of good to come from it all. But you're dead on. If we don't adjust the mindset that it's coming and things will change we'll have troubles. College football can survive when the money begins to shrink. But it can't survive by trying to go bigger. It will have to dial back. I just hope that doesn't create that negative feedback loop. It doesn't need to happen. I trust us as people to deal with all this, the wisdom of the masses and all. I don't always trust "them". You know. "Them" who sit behind desks and run TV networks or sports conferences or serve in public office and fail to see reality.