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Also, we can shift away from a culture and polity that worships Mammon. Generally speaking, people simply go with the grain of the culture, regardless of whethe
by lo_zamoyski 3y ago
Also, we can shift away from a culture and polity that worships Mammon. Generally speaking, people simply go with the grain of the culture, regardless of whether that grain is crooked or straight. If the culture reduces life to economics and makes consumerism its religion, then yeah, you'll see lots of people who would have chosen less lucrative paths choose work that pays more. What's worrying about finance and FANG pulling in a good chunk of the STEM majors is that finance is not a productive sector, and arguably, FANG isn't really all that productive either, certainly not relative to the economic bias. You need sectors like finance, of course, because they are the way capital is allocated toward productive labor, but the only way unproductive or marginally productive sectors can make this much money without funding and investing in productive industry is through usury. Usury is the ruin of empires.
- pfannkuchen 3y agoAgree about usury and all (I think mortgages should probably be illegal), but is consumerism really a big driver of high earners continuing to focus on high earning as opposed to more altruistic research? I feel like keeping up with the Jones’ maxes out at a level that, while much higher than the median income, is not that high among the incomes of geniuses wasting their potential at tech companies. The treadmill feels much much much more about status and future freedom than about consumption itself (granted some consumption is status signaling in nature).