3 ms·
> Thiel nailed it. Millennials don’t hate capitalism because of ideology, they were priced out of it. > That’s why you see the anti-Tesla, anti-Elon movement.
by rendaw 1y ago
> Thiel nailed it. Millennials don’t hate capitalism because of ideology, they were priced out of it.
> That’s why you see the anti-Tesla, anti-Elon movement.
> Record student debt, negative real wages, no assets, etc…
> You won’t fix this with moral and socio-political lectures.
> The real fix is new opt-in modes and new tech (e.g. AI + btc).
> What else?
- andsoitis 1y ago> Record student debt, negative real wages, no assets, etc… No assets? The Great Wealth Transfer to millennials (and Gen Z) is happening right now. https://www.ml.com/articles/great-wealth-transfer-impact.html https://www.ml.com/articles/great-wealth-transfer-impact.htm...
- SecretDreams 1y agoLmao. "Great wealth transfer". At face value, it reads like a social program to actually rebalance to scales towards young people. In reality, the article is about rich people dying and transfering their wealth to their kids... Because that is what will fix gen Z issues and beyond lol. A subset of them getting the unearned wealth of their parents.
- parrit 1y ago> The real fix is new opt-in modes and new tech (e.g. AI + btc) This way of talking "new opt-in modes" reminds me of the typical LinkedIn thought leader shpiel. But it is BS. New bubbles to fix old bubbles? Btc is zero sum. For you to buy a Lamborghini with the Bitcoin yoy got in 2012, someone else needs to pay for that with the dollars they have today.
- cratermoon 1y agoAlso, generative AI is being pushed as a tool to replace and deskill workers. I'm not sure how that is going to help Millenials saddled with negative real wages and priced out of housing.