1082 Investing for Retirement
2022-01-15
politics & humor
Capitalism has a little discussed side effect, which is the promotion of the illusion of retirees, supported by their “investments” instead of work, with no contemporary productivity. People’s expectations are that they can live the rest of their lives carefree, producing nothing, in a lifestyle they could only dream about when they were working, and expecting everyone else to fill in on their behalf. Retirement literally relies on the old exploiting the young, and that’s considered okay into today's society. This is a new phenomenon, not even a century old; maybe it has been tried before but there aren’t any civilizations that did left to tell. This time, however, it might work if technology keeps ahead of consumption? Maybe with enough investment, everyone can retire?
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