Submitted by Portalrules123 t3_11glvjh in Futurology
Portalrules123 OP t1_jaozek6 wrote
SS: Nouriel Roubini (a fairly mainstream economist known for accurately warning of the Great Financial Crisis in 2006) is interviewed on Al Jazeera's "The Bottom Line". The entire interview is interesting and rather sobering. His thesis is high debt burdens, supply shocks, technologies that exacerbate inequality, domestic political turmoil, geopolitical tensions, and environmental problems are going to severely hurt the global economy, and that some of these problems feed off each other and make them worse. Young people who feel (correctly) that they are worse off than their parents will be a source of discontent.Quote from around the nine minute eleven second mark: "Things are worse than the 70s and worse than the post GFC period. In some dimensions, things are even worse than the 1930s".
It's definitely gonna be harder to maintain the mental health of the youngest generation the more of them come to realize that the actions of their priors have doomed them to worse quality of life, that's for sure...
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