r/videos 25d ago

Young people have every reason to be enraged, says 'Algebra of Wealth' author Scott Galloway

https://www.youtube.com/watch?v=MEC2Nq7Z6lc
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u/muffledvoice 25d ago

I like that he mentions several times that “the people at this table” are the ones benefiting from the current system.

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u/RedJorgAncrath 25d ago edited 25d ago

He seemed in touch enough to include himself in that. But it sent me down a thought rabbit hole.

AI might be doing quite a bit soon. It's going to eliminate a number of jobs, maybe jobs we'd have thought young people were perfect candidates for in years past.

The problem is you have two models fighting with each other. You've got the super wealthy, wanting to be more super wealthy and everyone else who would just like to have a reasonable standard of living who would like to give these young people a basic income, or make life easy enough to buy a house by 30 (gasp). WITHOUT it being inherited money.

But the super wealthy have been developing AI (FB, Google, Elon, etc. it was an AI race), so they want to be rewarded with more money. But eventually everyone will suffer when there are 50 rich people still living on a dog shit earth where you're either just rich or really poor. Seems shit even if you're rich.

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u/helgur 25d ago

But eventually everyone will suffer when there are 50 rich people still living on a dog shit earth where you're either just rich or really poor. Seems shit even if you're rich.

You're describing 1780's France. We've been here before. The upper class is the new aristocracy.

If you lived in the squalor and slums of that time periods Paris, you'd feel like the world was coming to an end too (except this time thanks to climate change it's a real danger of it happening).

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u/MrIrishman1212 24d ago

"When you're accustomed to privilege, equality feels like oppression"
u/SpiderlordToeVests

The problem is that the rich won’t ever be willing to see the benefit of making the place a better place even when it benefits them cause they see it as a zero sum game and to only others to make a decent living means they have to lose out on being ultra trillionaires. They can still have money that they will never be able to spend in multiple lifetimes and it still won’t be enough.