Degeneracy is a Symptom: On Conspicuous Despair, the Ponzi stage of being alive, and why your grandparents are wrong about you.

tl;dr: Wealth consolidation and oligopolies have stagnated economic growth. This you probably know, but the author amazingly shows that the rise of "social degeneracy" is merely a symptom of this problem. He tracks this phenomenon around the world and throughout history. We either tackle the problem early and directly or--my words, not his--the rivers will flow with blood.

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[–] 1 point 1 month ago

Veblen’s leisure class wastes resources to prove it has more than it needs. The despairing class wastes itself to prove it has less than it requires.

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