Once the boomers go and their spending power vanishes, the entire western economy will collapse right? Like, that's it for the remnants of the pre-2008 consumption economy.
0.1% chance it doesn't get spent on healthcare, homecare, funeral arrangements, and splurged on luxuries by them before that happens for the majority of cases. They're all easy pickin's for the end of life companies and hate the majority of their families.
A lot of low level and mid level generational wealth will be lost to death expenses. But it's not going to be some accelerationist moment that leads to a quick collapse.
It's just going to get a little noticeably worse in a relatively short period of time.
Perhaps I misread your initial comments, but the idea that there's some sort of impending definitive societal collapse to end the American empire is a fiction. It frustrates me to see this rising accelerationist fantasy arise, that dream is extremely unlikely to become reality.
Our American empire will collapse at the same excruciatingly slow rate as the English empire.
Once the boomers go and their spending power vanishes, the entire western economy will collapse right? Like, that's it for the remnants of the pre-2008 consumption economy.
Millennials, at least a select few of them, will inherit that wealth. So nothing is likely to change.
0.1% chance it doesn't get spent on healthcare, homecare, funeral arrangements, and splurged on luxuries by them before that happens for the majority of cases. They're all easy pickin's for the end of life companies and hate the majority of their families.
A lot of low level and mid level generational wealth will be lost to death expenses. But it's not going to be some accelerationist moment that leads to a quick collapse.
It's just going to get a little noticeably worse in a relatively short period of time.
Perhaps I misread your initial comments, but the idea that there's some sort of impending definitive societal collapse to end the American empire is a fiction. It frustrates me to see this rising accelerationist fantasy arise, that dream is extremely unlikely to become reality.
Our American empire will collapse at the same excruciatingly slow rate as the English empire.
I don't know why I even bother talking to people anymore. They never understand what I'm saying, they always mangle it into their own paradigm.
In its current form yes.
Krugman is a lib but his work on how a modern consumer economy can work solely via high consumption by the 0.1% is sound.
If you want a vision of the future without Socialism its Downton Abbey, and we're all the chambermaid the Lord's failson is making passes at.
At least until climate change kills us all. Small mercies huh?