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The market can remain irrational longer than you can remain solvent. Americans (esp white Americans) have a lot of individualist, anti-collectivist, anti-govern
by Herring 2y ago
The market can remain irrational longer than you can remain solvent. Americans (esp white Americans) have a lot of individualist, anti-collectivist, anti-government cultural attitudes. The last time a situation like this happened, it took a Great Depression and intense widespread economic pain for them to snap out of it.
So what is it gonna take for Americans to demand universal healthcare? Idk, but 1 pandemic didn't do it. Maybe 3-5? Similarly real (inflation-adjusted) wage growth has been largely stagnant for most American workers, so eventually things will get bad enough, but not today and not tomorrow.
- wormlord 2y agoYep basically sums it up. Enough "middle-class" people are insulated from collapse that they still defend the system even though it has already been torn up. Collapse is happening and has already killed people, it just hasn't been equally distributed yet. Once a "critical mass" of people feel collapse and it becomes "real" to them, they will be able to internalize the reality of the class conflict that caused it. Until then people will just keep thinking that "ah well this is just a temporary stumbling block on the path of liberal incrementalism".
- Herring 2y agoOn a more hopeful note, there's a chance it might happen when China's happiness level passes America’s. https://data.worldhappiness.report/chart https://data.worldhappiness.report/chart Around 2030, based on a simple linear trend.