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Gentrification and inflation are real and they are coming for you if you fall behind. The Amish try to be self-sustaining, but it is extremely hard to not part

by itake 3y ago

Gentrification and inflation are real and they are coming for you if you fall behind. The Amish try to be self-sustaining, but it is extremely hard to not participate in modern society, especially considering healthcare. If Grandma is sick, do you let her die or do you pay $100k for cancer treatments? If you have 7 or 8 kids, then where does the land come from to house them? Europe is a great example of a region that hasn't had a significant technology breakthrough in decades. (I'm less familiar with healthcare tech, but most engineering products have come out of the USA and Asia). The impact is real: the pounds and euro have fallen in value to the dollar.

fennecbutt 3y ago
A-are you serious? You've never heard of ASML? And that's just one example. Gonna write you off as just trolling lmao.
- itake 3y ago
  I am sure you can name a small number of examples that came out of Europe (Mistral, Spotify, Siemens, etc.), but the fact is the US and Asia generate way more value than Europe has in the last few decades. ASML is half the size of TSMC, by marketcap.
  - fennecbutt 3y ago
    We were talking about technological breakthroughs/inventions, not market cap. Plenty of technological progress and research comes from Europe. Of course China and the US have larger, higher value _market_, that's well known but Americans in particular seem to love swinging it around. And idt it's fair to compare a couple hundred million people to four and a half billion people in the case of EU vs Asia.
    - itake 3y ago
      Europe has 510m people and the usa has 370m. The USA is doing more with less. In 2008, the USA and EU had comparable GDP, but today the gap is 57%.
bruce511 3y ago
I've lived my whole life in a country with inflation. Its really not a big deal (to us anyway.) Wages rise with inflation to keep pace, investements take it into account ,we're not aiming for fixed-income pensions, and so on. I know there's a generation in the US that haven't seen it before, so it's scary, but once employers get into step with it, it's really not. Gentrification is a more complex issue, and tends to be quite local. But again it's normal for neighborhoods to revitalise every second generation or so. Again though, your opening statement was viewed through the idea of money. And I get that you live in a world where this is the first (and often only) consideration. How might you see it differently though if you took a different primary goal? Obviously the world you live in is the world you live in. So I'm not expecting your society to change. Rather I'm challenging you to imagine a different premise.
- itake 3y ago
  My understanding is inflation is scariest when you approach retirement. At this point, you should divest from high-risk investments, and relying on low-risk cash flow vehicles (bonds, HYSA, dividend stocks, etc.). But low-risk blows up in your face if inflation jumps. The primary goal isn't money. It is being able to live a comfortable lifestyle in the area that I want to live in and receive the healthcare that I want to receive. Money helps you achieve that goal. In the case of the Amish, I'd imagine they have similar ideas about their future. They want to continue living as they have been living and carefully introducing modern technologies into their culture.

by itake 3y ago

fennecbutt 3y ago

A-are you serious? You've never heard of ASML? And that's just one example. Gonna write you off as just trolling lmao.

itake 3y ago
I am sure you can name a small number of examples that came out of Europe (Mistral, Spotify, Siemens, etc.), but the fact is the US and Asia generate way more value than Europe has in the last few decades. ASML is half the size of TSMC, by marketcap.
- fennecbutt 3y ago
  We were talking about technological breakthroughs/inventions, not market cap. Plenty of technological progress and research comes from Europe. Of course China and the US have larger, higher value _market_, that's well known but Americans in particular seem to love swinging it around. And idt it's fair to compare a couple hundred million people to four and a half billion people in the case of EU vs Asia.
  - itake 3y ago
    Europe has 510m people and the usa has 370m. The USA is doing more with less. In 2008, the USA and EU had comparable GDP, but today the gap is 57%.

bruce511 3y ago

I've lived my whole life in a country with inflation. Its really not a big deal (to us anyway.) Wages rise with inflation to keep pace, investements take it into account ,we're not aiming for fixed-income pensions, and so on. I know there's a generation in the US that haven't seen it before, so it's scary, but once employers get into step with it, it's really not. Gentrification is a more complex issue, and tends to be quite local. But again it's normal for neighborhoods to revitalise every second generation or so. Again though, your opening statement was viewed through the idea of money. And I get that you live in a world where this is the first (and often only) consideration. How might you see it differently though if you took a different primary goal? Obviously the world you live in is the world you live in. So I'm not expecting your society to change. Rather I'm challenging you to imagine a different premise.

itake 3y ago
My understanding is inflation is scariest when you approach retirement. At this point, you should divest from high-risk investments, and relying on low-risk cash flow vehicles (bonds, HYSA, dividend stocks, etc.). But low-risk blows up in your face if inflation jumps. The primary goal isn't money. It is being able to live a comfortable lifestyle in the area that I want to live in and receive the healthcare that I want to receive. Money helps you achieve that goal. In the case of the Amish, I'd imagine they have similar ideas about their future. They want to continue living as they have been living and carefully introducing modern technologies into their culture.