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“It's a well known phenomenon at this point that social media exacerbates scepticism and pessimism. Which makes sense - busy people with a lot going on spend le
by wepple 3y ago
“It's a well known phenomenon at this point that social media exacerbates scepticism and pessimism. Which makes sense - busy people with a lot going on spend less time online than loners and depressed people.”
That does such a great job of expressing something I’ve intuitively “known” for a long time.
There are the people who do all the talking, and those who are doing - very few who are in both camps. If you’re busy making things happen, you’re less likely to be commenting.
- deleted 3y ago[deleted]
- Applejinx 3y agoDoom and gloom also serves independent purposes and isn't just a signaling mechanism arising as a natural outcome of conditions. Especially with social media, it's worth asking 'does anybody benefit from this particular doom and gloom being socially established and culturally adopted?' The last thing you want to do is take such a thing at face value, and it's possible that financial markets might discount some such signals, especially if they're getting other signals that give the lie to the doom signals.
- leereeves 3y agoRent is the biggest expense in most peoples lives, and rent is too high. That's not doom and gloom, it's a fact. The FTC and DOJ are suing landlords for using "illegal collusive algorithms" to maximize rents [1]. A recent study [2] reported that half of all US renters, an all-time high of 22.4 million renter households, are cost burdened; evictions have risen; and the country is seeing the highest homelessness counts on record. 1: https://www.ftc.gov/business-guidance/blog/2024/03/price-fixing-algorithm-still-price-fixing https://www.ftc.gov/business-guidance/blog/2024/03/price-fix... 2: https://www.jchs.harvard.edu/americas-rental-housing-2024 https://www.jchs.harvard.edu/americas-rental-housing-2024