Yes that's correct.

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Really‽ Okay then

Those are very big questions. This Wikipedia Page is a good place to start.

The simple answer is, everything humanity does happens in cycles.
But you can think of it as roller-coaster passing through an infinite series of loops. We keep going forward in the long run. But but the repeating loops take us up and down, even upside down and backwards along the way. In every case, coming down each loop gives us the momentum to reach the next one.

Cowboys and Aliens doesn't have any superheros.

And you're wrong. It's perfect.

It is

It works in cycles.

The last Guilded Age (think Roaring 20s) ended with the great depression. Which then triggered the creation of all the great economic policies the boomers enjoyed as children, which they've been dismantling since the 70s.

Once things get bad enough, (very nearly there now) the cycle will repeat.

I'm not sure you know what post scarcity means.

Imagine a world where nobody needs to work, but everyone can still have any material desire filled at any time.

Think Star Trek. Unlimited energy resources, combined with replicators which use that endless energy to create unlimited stuff without any labor required.

It really is the most efficient way to manage and trade scarce resources. Going back to a barter system wouldn't be possible with the size and scope of a global economy.

Not too complicated. There are already LLMs spewing that nonsense.

I'm generally not a sit com person.
But that sounds cute. I'd give it a chance.

Sure they ask for a rematch.
Unless they're afraid they'll get humiliated again.

The most profitable league in all of sports...
Is being killed?

I don't think that means what they think it means.