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We're in the midst of an unprecedented effort to time-shift wealth/money/value. Never before in history have we attempted to store wealth at this scale for thi
by grandinj 6y ago
We're in the midst of an unprecedented effort to time-shift wealth/money/value.
Never before in history have we attempted to store wealth at this scale for things like retirement.
In a world that was continually growing at a pretty solid pace (i.e. since WW2) that was sort-of conceivable because the bigger next generation effectively created more space for that.
But now people live, and retire, for muuuuuccchhhh longer.
And sovereign-wealth funds, retirement funds, insurance funds, etc, are much larger.
And population growth is slowing (and with, financial growth).
Some very hard things to square coming up.
- joejerryronnie 6y agoWhat does it look like 20-30 years from now when potential advances in the biosciences extend the average lifetime by 20 years?
- nicbou 6y agoEven if people lived no longer than before, the cost of education and healthcare will keep rising, and there's seemingly nothing we can do about it. https://slatestarcodex.com/2017/02/09/considerations-on-cost-disease/ https://slatestarcodex.com/2017/02/09/considerations-on-cost...