I was very surprised that in such a long discussion on why the citizens of democracies feel such discontent that it took such a long time for anyone to mention the internet and social media! There should be no underestimating the level of anxiety social media has brought to people's lives.
There's both the jealousy and resentment of those…
I was very surprised that in such a long discussion on why the citizens of democracies feel such discontent that it took such a long time for anyone to mention the internet and social media! There should be no underestimating the level of anxiety social media has brought to people's lives.
There's both the jealousy and resentment of those doing better than us, but also the frazzled nerve endings of people--whose brains are wired to keep up with the goings on of a small village--suddenly getting mainlined "news" from all over the world 24 hours a day. How does the brain keep up?
Honorable mentions:
* 2008 financial crisis -- hit the poor and working classes much harder and for much longer than it hit the educated crises.
* Private equity and financialization -- The degree to which private equity makes its profits parasitically moving money from the poor and working class to the very rich has become epidemic and insane.
I was very surprised that in such a long discussion on why the citizens of democracies feel such discontent that it took such a long time for anyone to mention the internet and social media! There should be no underestimating the level of anxiety social media has brought to people's lives.
There's both the jealousy and resentment of those doing better than us, but also the frazzled nerve endings of people--whose brains are wired to keep up with the goings on of a small village--suddenly getting mainlined "news" from all over the world 24 hours a day. How does the brain keep up?
Honorable mentions:
* 2008 financial crisis -- hit the poor and working classes much harder and for much longer than it hit the educated crises.
* Private equity and financialization -- The degree to which private equity makes its profits parasitically moving money from the poor and working class to the very rich has become epidemic and insane.
https://www.propublica.org/article/when-private-equity-becomes-your-landlord
https://www.nytimes.com/2023/08/15/nyregion/private-equity-apartments-nyc.html
That should have been educated "classes" in the point about the 2008 financial crisis. Darn iphone!