I’ve been noticing a recurring sentiment among Americans - frustration and disillusionment with the economy. Despite having gone to school, earned a solid education, and worked hard, many feel they can’t get ahead or even come close to the standard of living their parents enjoyed.
I’m curious - is this experience unique to the United States, or do people in other countries share similar frustrations?
Do people in Europe, Australia, Canada, or elsewhere feel like they’re stuck in a rut, unable to achieve financial stability or mobility despite their best efforts?
Are there any countries or regions that seem to be doing things differently, where education and hard work can still lead to a comfortable life?
Let’s hear from our international community - what’s your experience with economic mobility (or lack thereof) in your country?"
One problem with your ending: They can’t stop taking, so they won’t stop short of where people will riot. The rich will never reach such an equilibrium state because one of those psychopaths has to be the emperor and others will always try and usurp the power.
Depends what it is you imagine they’re taking. There comes a point in wealth when you’re not really talking about monetary amounts or assets per se but raw power, measured in whatever abstract units you wish to use. The hyper wealthy care about political and cultural power (a battle very much underway and largely won). They don’t care so much whether the average family has $10 left at the end of the month (or $200 or -$50). The numbers become meaningless. What’s important to the hyperwealthy is that whatever that number is it not be able to purchase strategic land, production, or political power. (Elon wouldn’t care if every worker became a millionaire so long as bread now cost 3 million and property a billion.) Their power is felt in their exclusive access to limited resource (certain beach fronts for example, or a presidents time).
To that end there comes a point where they’re not interested in taking “money” any more, since they already entirely dominate that power dynamic. You could make the number whatever you like they’re still in control. Them “allowing” a very very modest improvement in some living standards doesn’t cost them anything but buys a relative amount of civil order, which is how I suspect this is likely to play out.
The pivot to far right politics over the last 20 years is part of this. When you are artificially keeping a large part of a nation on the brink, and you don’t want them to accrue traditional assets like land or wealth, then a potent replacement is to “pay” them in permission to hate.
History shows that this is a foolish course and it doesn’t last long. But perhaps a few “stable enough” decades is all these materialist hyper barons care about. Wealth and power is to be enjoyed now. There’s no god or heaven only power and the future is someone else’s problem…
You’re missing my point: The point where they stop chasing money, or power, or anything you want to call it, is when they have it ALL. They are not a homogeneous group. More than one want everything, and they will burn the world down to get it. The point where stopping is even forethought will be when the guillotines are at the door or humanity is wiped out.