… Millennials will have a hard time just to keep the living standard of their parents. (most won’t)
a strong middle-class was the basement of the Western Economy – it has been sucked out.
I blame the utterly unsustainable nature of unlimited free-trade capitalism and THE BANKS (Central and Private) for it.
- the current monetary debt-money-by-private-banks-system is a unsustainable catastrophe
- monopolies do not work forever
Unlimited (no limit in the amount of wealth a single individual can acquire, like possess a million houses or the whole planet?) to form monopolies = trade in balance (dependencies on things people need to survive: energy, medicine, food/seeds, you name it) – thus the bigger companies get even bigger (right now you can observe a lot of mergers – that is exactly that).
Merge – merge – acquire – until there are only one bank, one oil company, one electricity company, one car company building cars (without jobs, only robots) for the whole planet – but not selling them cheap.
Profit creation without job creation + falling wages?
With what income are people supposed to buy these cars?
More private household debt ain’t going to cut it.
It is the dilemma of in balance by monopolies – it just does not work or is massively unsustainable (works only short term) – the same with trade in balances (it is exactly the same as in-debt house holds but on a nation level).
Yes – you can create more money and give it to the poor to avoid revolution and riots – but we also need sustainable role model lifestyles:
- generating your own electricity (learning how to setup solar power systems and batteries)
- grow your own food
- learn how to recycle your waste
- learn how to build stuff yourself
… all of this is a lot of work but greatly REDUCES your trade-deficit = dependency on monopolies – why not praise it with a little extra money from the state?
Great, thanks all involved, what now?
evolution or revolution?
We will have to change the way we live (aka “The World”) – the old ways ain’t workin’ no more.
“Millennials, also known as Generation Y or Gen Y, are the demographic cohort following Generation X and preceding Generation Z. Researchers and popular media typically use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years. Millennials are sometimes referred to as “echo boomers” due to a major surge in birth rates in the 1980s and 1990s, and because millennials are often the children of the baby boomers.”