“Economics basically says you should be concerned about your own short-term interests. There’s more division in society, more segmentation; there’s less identity with a national or global persona, but rather on the family or the individual. People aren’t as loyal to their employers, and employers are certainly not as loyal to their workers.” I thought that mainstream economics has been moving towards the other direct…
I don't buy this mechanistic explanation. Society has gone through progressive levels of specialization and this has never been a problem before, so either there's a really drastic "nonlinear" effect, or there's something different about this society. My personal suspicion is that it has more to do with people broadly thinking that "others" are not good enough for them.
What bothers me though is academics like the one I quoted making asinine statements as if it holds any water. It's just a pure speculation.