Earlier quoted context omitted.
When I was young, I assumed the 401k had been around forever. But it was introduced in 1978! We're nearing the end of the 50-year period that the guys who invented it would really need to get staggeringly rich off of the concept, and now that they're getting ready to die everyone's overreliance on the system they set up is causing total gridlock in American life. You can't do ANYTHING that threatens the stock market.…
I have a very similar outlook. It's pretty clear to me that things are moving faster and faster in society and likely not towards anything very good. So it seems naive to expect the old models to continue working. My "retirement plan" therefore is something between conventional wisdom and prepping. Put some money into savings for emergencies and the remaining possibility that stocks may have some growth in future, bu…
Like, I've got some acreage, the skills to warm my old house through the winter on the woods, and enough knowledge to garden through the summer. But what about food in spring and fall? What if a band of 200 raiders from the city walks down the groomed road my driveway is off of and decides they want to live on my patch?
And even if civilization doesn't fall, do you really "own" land when your ownership claims are validated by paid police and the people who don't own land not thinking to come and take your land? I wouldn't say civilization "fell" between 1900 and 1930, but surely those Russian landowners assumed they "owned" their land before the Bolsheviks started peacefully discussing their ideas with the Tsarist government.
You start thinking about this stuff and realizing that these problems have been solved over and over again, since before writing. All of the stuff in history that seems so antiquated (like needing elaborate gift-giving rituals when meeting neighboring foreign nobility) suddenly seems clever and meaningful when it's juxtaposed against the context of starvation, enslavement, death by the plague, and no electricity.