4 ms·

> it feels as though Gen X had more of a chance to do something about it But they didn't had that chance to begin with. The predictions were as bad back then t

> it feels as though Gen X had more of a chance to do something about it But they didn't had that chance to begin with. The predictions were as bad back then than they are now; back in the 80s the collapse of the market economy was predicted for shortly after 2000, and in the 90s, it was pushed back to as early as 2020 and as late as 2040. Last I have checked western countries are still on course to default by the mid to late 21st century. I find this generation view short sighted and you should look at the different strate of the society instead to see who in that generation has managed to get ahead of the game and get a confortable situation for themselves. Those are the one that conformed to the rules and custom of the previous generation. I am sorry to say this, but if you want to see a change you will have to get out of your way and make that change happens.

pessimizer 11y ago
In the US, the collapse has been held off by maintaining a vast trade deficit and inflating asset bubbles. Government borrowing isn't the problem in the US, it's national borrowing. According to traditional trade theory, developed economies should be consistently running trade surpluses. Thanks, Reagan. Allowing the dollar to weaken, and digging out the entrenched interests in US health care would fix everything. It's just that a weak dollar and lower health care spend is a problem for the rich, and the petty bourgeoisie have thus far mindlessly supported them. (Because racists.) http://www.tradingeconomics.com/united-states/balance-of-trade http://www.tradingeconomics.com/united-states/balance-of-tra...