35 ms·
The era you experienced growing up can influence how you are when you get older quite a bit. The generation before the Great Depression tried to create a more
by Mistletoe 11mo ago
The era you experienced growing up can influence how you are when you get older quite a bit. The generation before the Great Depression tried to create a more progressive equitable world but of course that was eroded eventually. Everything goes in cycles and the next generation coming that experiences the fallout from all our recent excesses will be different as well.
https://en.wikipedia.org/wiki/Progressive_Era https://en.wikipedia.org/wiki/Progressive_Era
- iwontberude 11mo agoInteresting perspective. Anecdotally, the people I met who lived through it were traumatized into a scarcity mentality and would spend the rest of their lives hoarding anything and using it to gain a sense of control. Certainly FOX news knew how to get to them with fear, formative fear.
- lotsofpulp 11mo agoThe key parameter that has changed all over the world is there are more net benefit recipients than net payers in (i.e. far more old people relative to young people). By far, the largest wealth transfer that happens is young to old, via defined benefit pensions (such as social security), healthcare, and asset price increases (via decreases in purchasing power of the currency). In a democracy, most voters will vote for these policies, because most voters are or will soon be beneficiaries of these policies. I am betting that Millenials, once they are in their 50s, will continue voting for the same policies that Boomers have for the past 20 years, since they will have the same incentives.