...and one day, a younger generation is going to say "enough" because they'll have no other choice. I'm not sure what they'll do, but it probably wont involve respecting the abstractions that we've been basing our retirement savings on.
Yeah, it's confusing to me anyone expects usury of youth to be sustainable. We come into the world with nothing, and then we are saddled with debt and costs like describe above (which are, essentially, debt)?
And yet, it's a system which has, so far, outlived the others. Perhaps it is stable, after all. It certainly keeps the youth honed in on the grindstone.
There were some defectors in the 60s, and in 2008, but that was far less sustainable or, rather, failed to reach critical mass / escape velocity.
I doubt it. Even if there's enough growth to make the plight of the young survivable from a wealth standpoint, this thing we've built has no steering wheel. If it's not the youth that will say enough, it'll be the atmosphere.
