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This is a frequent topic of discussion at https://www.reddit.com/r/collapse/

What happens to the economy when a significant portion of society wakes up to the reality of the biosphere collapsing? Will it happen soon or when the oceans are dead or the pollinating insects extinct?

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There's a risk that not much will happen (from this realization alone). Most people don't have much power to do anything about it other than joining political movements. And for the individual life goes on. Once it starts to affect society itself we will act but only to do something about the immediate concern.

The economy/society works like this, it can only be forced into action because there is yet no efficient way to coordinate action over the scale required.

If it happens gradually, we may never wake up to it. For all I know, our biosphere is an already collapsed version of yesterday's, yet we usually see it more as a better version of tomorrow's.

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