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The Great Resignation

Bob Lefsetz, The Great Resignation:

Maybe all the existing systems are out of date, they don’t work for the public. The machines replace people and then what, we’re all gonna drive Uber? What happens when we have self-driving cars?

Not that anybody is thinking about it, just like they’re not thinking or doing anything about global warming. Used to be we lived in a society, we felt an obligation to look out for each other, but then Reagan came along and said the government was evil and we should all put ourselves first, and then we did! Screw everybody else, life is just too hard!

The youngsters know all this. And all the oldsters can do is bitch about their work habits and expectations. The boomers got sexually harassed, you should endure it too! Huh? Homey don’t play that no more.

As for Occupy Wall Street…what we learned is protest doesn’t work, action does. Don’t show up for work and Wall Street has a problem.

They’ve pushed it so far that people have finally had enough, and they’re not only pushing back, they’re quitting the game! This was not foreseen. This was not predicted. You didn’t read about this anywhere. But it happened and is still happening. It’s not like you can force people to work hard for a pittance. And there’s plenty of money, it’s just that Wall Street, the owners of this country, don’t want to cough it up.


Economic levers

Jason Koebler, writing at Motherboard:

We have been told for decades that the banks and the people who work at Goldman Sachs and Fidelity and hedge funds none of us have ever heard of are smarter than us, that they deserve to be rich, that they should be the ones who pull the levers on the economy, that they should decide which companies are good and which are bad, that they should be the ones who help make financial regulations. All along the way they have gotten fabulously wealthy and we have been stuck with stagnant wages, record consumer debt, and financial advice that tells us to wait until we are old to retire.


Hell of a Mess

Paul Volcker, at 91, Sees ‘a Hell of a Mess in Every Direction’:

“The central issue is we’re developing into a plutocracy,” he told me. “We’ve got an enormous number of enormously rich people that have convinced themselves that they’re rich because they’re smart and constructive. And they don’t like government, and they don’t like to pay taxes.”