I think the “temporarily embarrassed millionaire” idea is overstated, most people I interact with have a somewhat negative outlook on the economy and their future wealth.
I think the real issue is that no viable alternative is presented to most people.
The alternatives presented are Russian-style authoritarian oligarchy, Islamofascism, or a Venezuela-style “socialism” in which the narrative only focuses on poverty.
The PRC is absolutely a viable alternative, it’s a Socialist Market Economy that has been steadily transfering Private Property into Public Property as markets coalesce into monopolist syndicates, which are then capable of central planning.
I think the “temporarily embarrassed millionaire” idea is overstated, most people I interact with have a somewhat negative outlook on the economy and their future wealth.
I think the real issue is that no viable alternative is presented to most people.
The alternatives presented are Russian-style authoritarian oligarchy, Islamofascism, or a Venezuela-style “socialism” in which the narrative only focuses on poverty.
The PRC is absolutely a viable alternative, it’s a Socialist Market Economy that has been steadily transfering Private Property into Public Property as markets coalesce into monopolist syndicates, which are then capable of central planning.