His observations are mostly on the mark, but I'm kinda dubious this is actually any better or worse than ever before. I'm not sure if there's an econometric mea

His observations are mostly on the mark, but I'm kinda dubious this is actually any better or worse than ever before. I'm not sure if there's an econometric measure of rents per GDP or whatever, but I kinda doubt it's sky high by a historical standard. I don't have a full essay on the subject, but I have a gut feeling that the informalization of society has relieved a ton of useless costs on people. Spending money on cultural imperatives like going to church, wearing a tie to the office, wearing diamonds to look prosperous are no longer mandatory in much of the first world.