We can agree to disagree without name-calling, but the impact of compounding growth vs intentional stagnation is going to continue to widen the gap that's already opened up over a few generations.
You'll discover that compounding growth is useless to YOU, when Trump and Musk are taking 99.9% of it. Wages are stagnant. The US is #24 on the world’s happiest countries list, and has been dropping for a long while. At the top of the list, we find socialist countries with access to world-class public services like healthcare and education -- which the US is currently trying very hard to gut. The last time something like this happened, it took a Great Depression and intense widespread economic pain for Americans to snap out of it. Inequality is destabilizing and Americans are clueless (see inflation leading to Trump), so I think Europe is likely to do better in the long run.
These socialist countries that are so happy because of the money they pour into healthcare and education, do so at the expense of their future growth and their own self defense.
This seems unsustainable.
The US is also a much larger and heterogenous society compared to the countries above us on most lists, such as the scandinavian countries or Lichtenstein.
Anecdotally, when the homeless have smart phones to accept donations and obesity is an epidemic of the poor, we're not suffering for material wealth. A poverty of virtue, maybe so.
Herring|11 months ago
shaftoe|11 months ago
This seems unsustainable.
The US is also a much larger and heterogenous society compared to the countries above us on most lists, such as the scandinavian countries or Lichtenstein.
Anecdotally, when the homeless have smart phones to accept donations and obesity is an epidemic of the poor, we're not suffering for material wealth. A poverty of virtue, maybe so.