This is ambiguous.

"Our current economics to me is doomed to fail."

I think you mean the U.S. but of course failure of the U.S. economy will have broader consequences.

Actually the U.S. economy is too big to fail. Because the broader consequences of the failure of the U.S. economy some form of the U.S. economy will be propped up by the G-20.

If some sort of "voting with out feet" can bring the system to the crisis point to force a transition, beware what you ask for it might not be what you might imagine. I doubt the transition will lead to equity but it will probably be similar to the current emergency actions to mitigate the impact of the pandemic. The gap between the very rich and most of the rest of us will not decrease in any meaningful way.

Alternately and horribly is the possibility of "austerity." If you are not familiar with "austerity" it is basically the world powers imposing restrictions of government spending in exchange for continued refinancing of the government's debt.