3 ms·
Well... I can consider myself in the "hi income/wealthy" of my country (Italian living in France), I'm worried not much about the economy but about society at a
by kkfx 5y ago
Well... I can consider myself in the "hi income/wealthy" of my country (Italian living in France), I'm worried not much about the economy but about society at a whole.
Being wealthy means just a probable less hard landing, the probable capacity of accepting new skyrocketing costs for a long period of time, still being able to access/source what I need for a more or less comfortable life and maybe also being able to invest in the meantime for a future perhaps not marginal profit, but even if all that happen respect of today I'll still get less because the whole society have less.
Just imaging being wealthy today in France and tomorrow being even very rich in Turkmenistan. Oh you are much more rich in relative sense but what can Turkmenistan offer? Perhaps in a far future with new technologies and space explorations things will change but that surely might happen far beyond my life expectancy.
That's is. That's the basic law of nature, no matter morality, no matter feelings, no matter what. We face a scarcity crisis that will led to social unrest and wars. The most optimistic scenario is bad so it's normal to being worried, because even the most optimistic scenario means at least a very bed decade, perhaps two or three decades, plus a not so quick recovery that probably still demand years.