In my opinion your error here is looking at this situation as one of collapse. The system is not going to collapse just change. We might not like the change and our quality of life especially in the West may decline but our disliking does not equate to collapse. What we are witnessing is not the start of collapse but the undermining of the old order as it is swept away to form the new.
My only quibbles (or clarifications) is that some aspects of the old order may waterfall collapse, so in that sense it may feel like a collapse to some sectors, e.g. as we discussed in the Economic Devastation thread that some jobs may be entirely eliminated by automation.
Also what reasoning do you apply to put Hedonism in Cycle #6 and not #5?
Seems to me the hedonism will head for a peak as the Marxist crap heads for a peak in Cycle #5 because it is the Marxist crap that finances wide-scale hedonism.
According to Armstrong's ECM model, 2032.95 will be the peak of this Private wave meaning moving investment out of government and into private investments. After that will begin a 51.6 year Public wave wherein investment should gradually return to governments (e.g. Asia). Armstrong has stated that 2032.95 is the death of socialism, but what I see is that Asia is ready to fully embrace socialism so I see that 51.6 year Public wave as a growth of socialism in Asia yet it won't yet be bankrupted as it is now in the West.