Earlier quoted context omitted.
I want a financial person to explain to me why we continue to expect exponential growth of companies’ revenue year after year, and why that makes any logical sense in a world with finite resources.
>I want a financial person to explain to me why we continue to expect exponential growth of companies’ revenue year after year, and why that makes any logical sense in a world with finite resources. Because entropy. When a living organism stops its exponential cell division, we call that death. In an economy, when things cease to grow, we call it recession. When that growth is in balance with the decay, we call it a…
No one expects young men to do anything and they respond by doing nothing (2022)
61–70 of 600 posts
Re: No one expects young men to do anything and they respond by doing nothing (2022)
#62Re: No one expects young men to do anything and they respond by doing nothing (2022)
#63Earlier quoted context omitted.
Also: Nobody in a village should take up 2 houses for themself. But some can, and can even take up 100 houses... so long as the other villagers are fighting amongst themselves, over whether their house should be larger than that of their neighbor. Turns out most of their problems are arguably traceable back to those people with 100+ houses each. Which would be glaringly suspicious to an outside observer. But the vill…
What’s ironic[1] about these comments is they set up these ignorant-sheep narrative about how the villagers are bickering among themselves. Which begets more finger-pointing among the villagers instead of looking at the real source of their problems. [1] Not ironic if you don’t think you’re one of the villagers.
I'm wondering how often it happens organically, and how often it has some conscious help.
Re: No one expects young men to do anything and they respond by doing nothing (2022)
#64I suppose the jury is still technically out on whether the Western strategy of leaving mostly everything up to mostly chance is a good idea, but I am not liking the preliminary results. I imagine the experts are on it somewhere though (because science and democracy essentially guarantee optimality), so I won't bother worrying about it.
Re: No one expects young men to do anything and they respond by doing nothing (2022)
#65Earlier quoted context omitted.
>Also: Nobody in a village should take up 2 houses for themself. >But some can, and can even take up 100 houses... How much % of the housing supply is actually taken up by people with 100 houses?
How much of zoning laws are lobbied by peopke with 100 houses? People owning the houses is not the problem, as other people still live in those houses. The incentives to keep it a good investment is still a problem.
Dunno, in my experience all the NIMBYs in my area look like some rich person with way too much time on their hands attending city planning meetings, not some slick lobbyist. If anything the discourse goes both ways, with some alleging that "greedy developers" are the ones doing the lobbying.
Re: No one expects young men to do anything and they respond by doing nothing (2022)
#66Re: No one expects young men to do anything and they respond by doing nothing (2022)
#67We blame the absent fathers, and that's at least half the problem, but only half. The other half is that mothers don't raise men alone, and so you get punks and criminals, boys with "nice guy" predatory survival strategies, neurotics, and other maladapted and unserious men. It's arguably why "bastard," is such a longlived epithet. The only reliable escape is to master something and find mentoring in pursuit of the competence that develops the necessary self-confidence and esteem for setting personal boundaries.
> He should be held to high standards. Otherwise, he will sink to the level of his environment.
A male peer group can raise these standards, but it's mean reversion, and if you're in a neighbourhood of boys raised alone by their mothers, that's going to be a low bar. The entire culture war is between people who resent their dads for being absent or weak, and those who don't. There are paths out, but as a wise woman once said, "no one is going to give you the education you need to overthrow them."
Re: No one expects young men to do anything and they respond by doing nothing (2022)
#68Earlier quoted context omitted.
Value growth isn't tied to physical resources anymore, it's increasingly ascribed to intangible things, such as intellectual property. I'm not saying that growth is guaranteed to continue, just that economies have already been growing based on more abstract values; it's not all about food and fuel anymore.
> it's not all about food and fuel anymore Is it, though? The biggest IP bubble now is AI, and the main bottleneck of AI is energy to power those datacenters. Doesn't google use as much energy as a few small countries now? Biggest pharma IP now is Ozempic, which let's be honest here, is because westerners are addicted to processed corn and fried stuff. And hectares of monoculture corn sprayed with Roundup and sprinkl…
Re: No one expects young men to do anything and they respond by doing nothing (2022)
#69Earlier quoted context omitted.
I think that's a bit disingenuous. Home ownership under 35 is nearly 40%. 35 and up it increases to above 60% https://www.census.gov/library/stories/2023/07/younger-house... has some nice statistics.
It'd be interesting to see what would happen to 35 and up if you excluded everyone born before, idk, 1980, and then again if you excluded everyone born before 1965.
35-44: 62% 45-54: 70% 55-64: 75% 65+: 79%
Re: No one expects young men to do anything and they respond by doing nothing (2022)
#70Earlier quoted context omitted.
Gen Z are the richest generation in all of American history on a median per-capita real income basis, compared to older generations when they were the same age. And it's not even close. Millenials are the second richest in American history. The only problem is housing. Any discussion not focused 100% on housing is not grounded in reality.
Richest? How? Maybe by total wealth. I think wealth should be measured by how many hours at the median wage do you need to achieve a socially acceptable standard of living. Unfortunately, our standards have gone up and there are things that are now necessities that weren't before.
>I think wealth should be measured by how many hours at the median wage do you need to achieve a socially acceptable standard of living.
That's a weird definition of "wealth". Wealth is generally understood to mean how much assets you have accumulated, not your free cash flow. What you're describing is properly referred to as discretionary income.
https://en.wikipedia.org/wiki/Disposable_income#Discretionar...