I think it's inflation. And I don't just mean Covid era inflation. Inflation has been an on-again, off-again problem since the collapse of Bretton Woods.
It's because of inflation that slowly and subtly, everything gets shittier all the time. It encourages businesses to cut corners, shave costs, and find cheap labor overseas. It encourages you to not give a fuck about your job because you haven't had a raise in 5 years and the price of gas just keeps on climbing.
Inflation destroys everyone's belief in the future. Why work hard when everything is always getting a little bit worse anyway?
We've staved off a lot of the worst material effects with tech and productivity increases, but half the time the benefits from those just go to shareholders (indeed, even if all you did was hold the S&P 500 in recent decades, your portfolio is one of the bright spots in all this).
But I think the spiritual effects can't be staved off once you internalize the idea that it'll continually cost you more to keep on getting the same results. The bar of soap you buy will be a little thinner, there'll be a little less meat in your burger. You're always fighting the current. There's never a rest. If you feel this way then why would you care about what you're doing?
Historically I don't think there are a lot of societies that find an easy solution to this, the solutions usually involve defaults and wars.
Maybe this is part of why the crypto cult is so rabid, Bitcoin has deflationary properties, it's the opposite of the inflation trend.
It's because of inflation that slowly and subtly, everything gets shittier all the time. It encourages businesses to cut corners, shave costs, and find cheap labor overseas. It encourages you to not give a fuck about your job because you haven't had a raise in 5 years and the price of gas just keeps on climbing.
Inflation destroys everyone's belief in the future. Why work hard when everything is always getting a little bit worse anyway?
We've staved off a lot of the worst material effects with tech and productivity increases, but half the time the benefits from those just go to shareholders (indeed, even if all you did was hold the S&P 500 in recent decades, your portfolio is one of the bright spots in all this).
But I think the spiritual effects can't be staved off once you internalize the idea that it'll continually cost you more to keep on getting the same results. The bar of soap you buy will be a little thinner, there'll be a little less meat in your burger. You're always fighting the current. There's never a rest. If you feel this way then why would you care about what you're doing?
Historically I don't think there are a lot of societies that find an easy solution to this, the solutions usually involve defaults and wars.
Maybe this is part of why the crypto cult is so rabid, Bitcoin has deflationary properties, it's the opposite of the inflation trend.