Generational Dynamics World View News

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Its not just the layoffs due to AI. There is also the AI investment bubble. The home real estate bubble. The impending commercial real estate collapse. The motor vehicle debt most are carrying, on top of unprecedented household debt.

Then there is the world wide government debt.

None of this is reversable without a major economic downturn where bad debt has to be written off.

But then the super rich, corporations (or in the case of China the CCP) will not want this to happen as it would mean bankruptcy. This means having to put the economy in some kind of a holding pattern where the government can suspend normal economic activity. Hence a major war.

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The Zohran election in NYC is yet another manifestation that promising people free stuff will get you elected.

It doesn't surprise me anymore that people are dumb enough to believe this kind of stuff. The reality is that the rich will flee, the tax receipts will crater, and the city will find itself in bankruptcy. Meanwhile the non enforcement of basic laws will result in rampant crime, which is already at historically bad levels.

Extreme leftists have turned many cities into third world hellscapes that are supported by the taxes coming from non-urban citizens in the same state. If it wasn't for these funds, these cities would have completely cratered years ago.