Millionaire dumbass, sitting in his millionaire dumbass house wondering why the peasants are complaining. Things have never been better for this millionaire dumbass.
I'm not defending this particular person, but I will say something about this kind of take coming from these sorts of people: they were raised in a cult. They spent years, maybe a decade or more learning all the sacred rules and rites of this cult, and developed a framework through which to understand reality.
And what is currently happening, the disconnect between macronomic health and micronomic health is just straight up not supposed to happen, according to their cult teachings. The relationship between the two intertwined economies was always more complicated and fraught than advertised, but the relationship was at least there. It existed. According to all of their textbooks and teachers and mentors and scholars, the current complete disconnect between "how well the economy is doing" and "how kind economic conditions are to an average worker" straight up should be mathematically impossible. If you brought up this scenario in a Princeton econ course in the 90s you would have been laughed at and condescendingly told that this just wouldn't happen.
Again, I'm not defending the honor of this guy or anyone, really. I just think it's important to acknowledge that this isn't an ignorant and sheltered Marie Antoinette suggesting cake as a bread alternative because she doesn't understand wheat (itself an apocryphal yet still illustrative story from history). This is more like a member of a doomsday cult waking up the next day wondering why all these people are still here.
Or, more accurately, a member of an infinity cult just starting to realize that doomsday is here.
Millionaire dumbass, sitting in his millionaire dumbass house wondering why the peasants are complaining. Things have never been better for this millionaire dumbass.
I'm not defending this particular person, but I will say something about this kind of take coming from these sorts of people: they were raised in a cult. They spent years, maybe a decade or more learning all the sacred rules and rites of this cult, and developed a framework through which to understand reality.
And what is currently happening, the disconnect between macronomic health and micronomic health is just straight up not supposed to happen, according to their cult teachings. The relationship between the two intertwined economies was always more complicated and fraught than advertised, but the relationship was at least there. It existed. According to all of their textbooks and teachers and mentors and scholars, the current complete disconnect between "how well the economy is doing" and "how kind economic conditions are to an average worker" straight up should be mathematically impossible. If you brought up this scenario in a Princeton econ course in the 90s you would have been laughed at and condescendingly told that this just wouldn't happen.
Again, I'm not defending the honor of this guy or anyone, really. I just think it's important to acknowledge that this isn't an ignorant and sheltered Marie Antoinette suggesting cake as a bread alternative because she doesn't understand wheat (itself an apocryphal yet still illustrative story from history). This is more like a member of a doomsday cult waking up the next day wondering why all these people are still here.
Or, more accurately, a member of an infinity cult just starting to realize that doomsday is here.
Very good point👌