Easier said than done. People have 401k instead of pensions now. Everyone and everything is too overleveraged in the market to not be so affected by it. If they weren’t so leveraged you could imagine volitility dropping like a stone and these cycles becoming smaller with less participants trying to eek out a big return.
Its common knowledge that you should have around 50% of your assets in fixed income generating assets by the time your retire to not be forced to liquidate stocks in a downturn.