Nihilism taking over for meaning in society has led to a deterioration in creative institutions like science and art, instigated by a general financialization of the world.
I lot of truth there. I've often complained about the lack of architectural innovation in the US (though Dubai, Singapore, and other SE Asian cities are doing great stuff). The great cathedrals though we're mostly built when the church had more power and controlled more of a country's systems and I'm not sure I want to go backwards on that, lol.
Transitioning to a service economy and the Fed throwing cheap money at us has not bade us well--we seem more interested in parasitizing our own citizens (healthcare, student loans with interest, corporate housing and rentals,etc.) and fattening the bank accounts of the already filthy wealthy than investing said energy into new and innovative industries.
I lot of truth there. I've often complained about the lack of architectural innovation in the US (though Dubai, Singapore, and other SE Asian cities are doing great stuff). The great cathedrals though we're mostly built when the church had more power and controlled more of a country's systems and I'm not sure I want to go backwards on that, lol.
Transitioning to a service economy and the Fed throwing cheap money at us has not bade us well--we seem more interested in parasitizing our own citizens (healthcare, student loans with interest, corporate housing and rentals,etc.) and fattening the bank accounts of the already filthy wealthy than investing said energy into new and innovative industries.
Nice article, thanks!
Great points I agree. And yeah, monetary/fiscal policy has clear been doing a lot more harm than good. Thanks for reading and the comment!