When you're spending almost everything on food, rent, and healthcare surviving till tomorrow is a much bigger issue than figuring out what to do 20-50 years from now. Late stage capitalism is doing a good job of sucking up excess money and returning it to the investor class via rents, if you're not in the infestor class then you are struggling.
It is true, and that’s why I dislike the top line metrics. The stock market is doing great! Unemployment is low! GDP is up!
But the hidden assumption, that these metrics would be coupled with second-order metrics like life expectancy, home ownership, health, and well-being? That no longer holds.
These consequences today are all the results of political decisions made decades ago. The unfortunate reality is that turning this ship around will also take decades.
