Yes, a recession is bad if you are not prepared for it, or never had the opportunity to do so.
But, this article reads so over-the-top pessimistic and self-pitying that I'm surprised that the author didn't try to sell his crypto-salvation to us.
I think Millennials might be ill-prepared for a 2020 recession. Namely, this could disrupt their prime earning potential if it's a serious dip.
Are the last paragraphs a conclusion\summary? Looks like they're supposed to be about "capitalism" from the header. I could hardly remember what the article was about while struggling through a few particular lines there. Maybe go learn how to use the word ("a capitalisms"?) and do some light research -- what capitalism? Corporatism?