all 4 comments

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (3 children)

Critique regarding people: recently people seem to not engage at all, no matter the subject. This seems to be a growing issue in my area, and may not reflect people generally.

I think this is true, and happens when the economy is too easy for too long. People get lazy because they do not see the need (nor really is there one) to pay attention to all the complexities of the world, and most people are overworked and underslept and tired as heck, so they don't devote mental cycles to anything outside their immediate life, as a self-preservation method.

The media is definitely corporate-owned and trying to influence our minds constantly.

You're probably right about the central bank, although governments can create crashes too, both with inflation and deflation. But the government shouldn't be in trillions of dollars of debt to a private entity, that's the real problem. Because then it's not free to make decisions, but instead has to follow the commands of the people owed trillions.

[–]philandy[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Thanks for the bolstering words, and I understand it's not that simple which is why I expanded on it.

So can you elaborate on an easy economy tempered with overworked people?

[–]magnora7 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

No problem. I like these C_S_T posts and I think they deserve more discussion.

So can you elaborate on an easy economy tempered with overworked people?

Imagine you have 10 million dollars. Your career choices don't really matter that much and you will still have a just fine quality of life. Many baby boomers experienced a very easy economy, that basically allowed them to rest on their haunches. Then when things actually start going bad, like in 2008, they don't know what to do and aren't prepared, despite having many opportunities to prepare. Abundance makes many people intellectually lazy.

[–]philandy[S] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

If I had USD$10 million, my own career choices would really matter. I've also heard that magnitude is about where quality of life starts to be fine. I'd likely go the Brewster's Millions line of $30 million or higher with your point (which kind of makes me sad - a decade ago $5 million would've been fine).

I also just read baby boomers tend to spend now and won't be giving much inheritance. I actually prefer this because of your point; the money is not, at least so much, with the lazy.