The younger generations are faced with essentially debt slavery for debt incurred by previous generations. When tomorrow looks that bleak, criminal collectivist philosophies present a purported way out. From el gato malo at boriuagato.substack.com:
when you lose trust in system solvency, there is no longer a marshmallow test to pass
a few of us were chatting about ideas like “$2000 stimmy checks” and “fiscal solvency” over on twitter the other day.
and some time worn themes were rehashed.
coyote (creator of coyote’s law) had a useful take and as i unabashedly love a good “marshmallow test” conversation, this one sucked me in.
his points here are valid in a deep way. redistribution kills growth and incentives to growth and you wind up locked in place, equal in negative-sum stasis and everything he says is certainly correct.
