4 ms·

3rd world country with iPhones and nothing more.

• asdff 6y ago
  Seriously. Infrastructure is falling apart everywhere. The angry homeowner with the median occupancy of just 13 years is able to halt progress on virtually anything from a train to a homeless shelter. We've locked entire cities into a stasis in terms of development for decades and constrained our housing supply by handing untold power to local, often corrupt city governments, who generally have no interests in listening to the needs of those on the bottom of the local economy who have no money to donate nor time with which to vote. We've allowed wages to stagnate and inequality to surge, all while cost of living has been rising. We've done virtually nothing meaningful on climate change in the past two decades. We've defunded our public schools and closed down our mental hospitals in the country with the worlds largest economy. Yet the stock market is at all time highs in a global pandemic. Could you imagine anything more backwards and bizzare?
  • pm90 6y ago
    > Yet the stock market is at all time highs in a global pandemic. Could you imagine anything more backwards and bizzare? I'm not sure if you're implying this but the stock market never was an indicator of the economic health of the country. Its an indicator of the economic health of the wealthy (tautologically, since its where most wealthy individuals park their wealth) , and for that its been pretty accurate.