Once a country decides its houses are supposed to make everyone rich, it has to keep prices rising forever, which means restricting supply, blocking development, and quietly pricing out each new generation, which works until it doesn't.
The best way to increase your stock price in America today isn't to improve your product or to sell more goods and services. It is to have your stock anointed by the high priest of American markets, aka the president. If you can do that, great things will occur.
It's not a conflict of interest. It's a business model. And essentially what you have in America is slowly but surely we're monetizing everything. We monetize healthcare. We monetize education. We monetize uh enragement online. And now the president is monetizing the full faith and credit and power of the White House.
Authoritarianism is uh flaring up around the globe. Not because of anything authoritarianism is doing right, but because of what democracy is getting wrong and in particular that democracy is not delivering like real tangible improvements in people's lives, in particular financial improvements and there is a massive correlation between countries that have extreme uh income inequality and see erosions of democracy, which is understandable because like why would you vote for a system that isn't working for you?
Somebody is getting screwed in this country and somebody is doing the screwing. It's just not immigrants and Muslims and gay kids and drag shows. It's corporations and billionaires and super PACs.
The thing that's going to gut this economy is the fact that we're now spending 40% of our federal budget on programs for seniors, you know, uh Medicare and um and social security and all these basically old people vote and the Dian democracy is working too well and we keep transferring money from young people are more productive to old people who are less productive.
