Thread: The Situation - Log
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#120
| 2026-04-03 07:26:46 UTC
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Young people in the modern world are being asked to act as heirs when they are …
Young people in the modern world are being asked to act as heirs when they are actually tenants.
They were raised on expectations of:
autonomy, self-expression, mobility, romance, meaningful work, home ownership, and gradual upward movement.
What they got:
High housing costs, delayed family formation, wage shrinkage relative to assets, bureaucratic job markets, credential inflation, social atomization, and:
an online world that floods them with stimulation and eliminates real status, real community, and real purpose.
They are surrounded by immense wealth, advanced systems, and unprecedented flows of information, but they have no prospect of ever owning any of it.
Without the old established pathways into meaningful levels of agency + ownership, they cannot develop into social adulthood.
History suggests several different outcomes to this situation.
One thing is for sure: The current setup is not a stable state and will not continue. It will change into a new state.
#142
| 2026-06-17 09:57:49 UTC
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What the System Does:
- It moves wealth upward.
- It shields institutions from…
What the System Does:
- It moves wealth upward.
- It shields institutions from accountability.
- It converts crises into expansions of technocratic power.
- It ensures that the people who bear the losses - pensioners, depositors, taxpayers - have no meaningful say in the rules that produced those losses.
- It writes the next chapter of control before the current chapter collapses, then waits for the collapse to make the chapter look like a rescue.
- It removes constraints so bubbles can form, then blames the bubbles on market excess, then demands more authority to prevent the next one.
- It maintains the fiction of democratic control over economic policy while steadily transferring that control to bodies beyond electoral reach.
That's what it does. So that’s what it's for.
Source:
https://substack.com/@escapekey/note/c-277226214