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Ask HN: Why Is Everything Declining?

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Re: Ask HN: Why Is Everything Declining?

#71
post #30

30-50 years ago, with a single salary you could support a house with a yard, a non-working spouse, multiple kids, and a car. Our society knew how to make that happen once, and we've forgotten. We've had incredible advances in technology and productivity since then, so why can't we have that kind of economic environment now? What's gumming up the works?

Probably because income inequality is at an all time high in the USA. When 1% of the population has +60% of all wealth....

What's gumming up the works are the billionaires who have more money than whole countries using that power to get favorable laws and treatment. Once you reach a certain level of money you can just print more basically by manipulating the systems in place.

Re: Ask HN: Why Is Everything Declining?

#73
You’re just more aware. It’s been like this for longer than five years - lol. For some of these issues - it’s been a while.

Our entire media system is built around attention. Your attention is more easily grabbed by bad things than good.

Re: Ask HN: Why Is Everything Declining?

#74
We’re sliding into that post capitalist world that is depicted in so many “scifi” books. It’s apparent but everyone just seems to accept it. Things are going to be very bleak in 50-100 years with most people living in poverty with a tiny rich elite.

Re: Ask HN: Why Is Everything Declining?

#75
post #30

30-50 years ago, with a single salary you could support a house with a yard, a non-working spouse, multiple kids, and a car. Our society knew how to make that happen once, and we've forgotten. We've had incredible advances in technology and productivity since then, so why can't we have that kind of economic environment now? What's gumming up the works?

One reason is changing geopolitics. USA is not the sole superpower that it was in the 60s. Other countries are also doing a lot better now. A lot of the jobs in manufacturing have been outsourced to China, in service industry to India. This has led to shift of wealth from US to these countries. The days of American exceptionalism are probably ending. It's only going to get tougher from here.

This is also a fair point as the USA after WW2 was the only first world nation with an untouched industrial base (that was recently upgraded thanks to the tax payers). That gave the USA an insurmountable advantage as the rest of the world rebuilt.

Re: Ask HN: Why Is Everything Declining?

#76

Sounds like you live in a bad neighborhood. My rust belt neighborhood doesn't have those issues, and it's very affordable on a tech salary. Vote with your feet.

This could be true. I definitely am not in the cheapest part of town. And people sometimes get wide eyes when they hear how expensive my place is. But it's also certainly not the "fancy" part of town either.

I could probably find a place that's about 25% cheaper. and a "fancy" place would be about 2x.

Re: Ask HN: Why Is Everything Declining?

#77

I really believe that this is what happens when you go so long without a substantial recession coupled with an easy money regime. There's apathy because no one has been scared in a long time. Landlords haven't been scared of not finding renters and not being able to pay their mortgages. Workers haven't been really scared of not finding jobs. Businesses have not really been scared of not being able to raise money. Awf…

and also innovation and respect for honest hardworking people

Re: Ask HN: Why Is Everything Declining?

#78
I'll preface this by saying this is all anecdotal evidence based on my personal observations, so it may not apply to everyone.

I often feel the same way, especially with tech. For those of us that remember before the internet was ubiquitous, the optimism and promise of the "information super highway" seems in stark contrast with what we see today. I try to keep in mind a few things:

First, we are living in a time that will be regarded as one of the most consequential in history. We're only ~20 years of nearly every person in the planet having access to all human information, instantly. Think of what people will say about this time period in 200 years. We are currently feeling the effects of growing pains.

Second, everything that embodies that early optimism is still there, its just harder to find. Which is related to my next point:

We are seeing diminishing returns in the benefits of constant consumption of media, energy, food, etc. There is so much choice out there, and the margins are so thin, that you need to consume more to be "satisfied". I often reflect on how many more full TV series we have all seen compared to a few generations ago. Or how much text we all read daily in the form of news, tweets, and forums, compared to the daily paper. Are we better for it? I think a lot of people don't feel better.

So that leads to the optimistic conclusions of this post. Generally speaking, we have more choice than ever before in history, across the board. But we have the burden of the responsibility of moderation and curation.

I find that when I feel this way, I try to shift my "consumption" mental state to "construction". We live in an amazing time to make things and distribute them. And because there's so much noise to compete with, you have to do it friend to friend, neighbor to neighbor. Its a glimpse of how the best parts of the "new world" can provide the best parts of the "old world".

Re: Ask HN: Why Is Everything Declining?

#80

Read Karl Marx, what we're seeing is basically what he described as the end state of capitalism. Everything gets shittier and shittier as costs go up and profits shrink. People and businesses are getting more desperate to prop up profit or make a buck. Everything suffers--worse products as costs are cut, worse service as wages stagnate to cut costs, people are more angry and stressed as their standard of living decli…

The supposed late stage of capitalism is something used to call contemporary state of affairs for some 100 years now.

Two more weeks until RoP goes to 0!

Trust the plan!

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