It’s a vicious cycle of financialization, where real productivity takes a backseat to risky investments. This is not how a healthy economy operates.
10 years to build a single bridge.
And some of you still think society is functioning?
Let me explain to you what's really happening.
Since the GFC in 2008, the world has by and large stopped building things.
A sort of malaise has taken over…
People have become rich from… pic.twitter.com/gJclpECjpH
— Rational Aussie (@rationalaussie) March 29, 2024
There's no sense of urgency for anything, because they have become ingrained with the idea that their lives are fucked anyway – sure, they could probably build the bridge in a year instead of 10, but does anyone really care?
'Isn't the government funding it anyway?'
'Yep,…
— Rational Aussie (@rationalaussie) March 29, 2024
We live in an upside down world, where there's more incentive to do the bare minimum than there is to excel.
It's a competency crisis, because competent people are no longer adequately rewarded for their skills.
But it's actually worse than that.
Because at the same time,…
— Rational Aussie (@rationalaussie) March 29, 2024