TED
2 HN recommenders · recommended in 7 months, 2024–2025
18:38 · 8.2M views · May 2, 2024
Scott Galloway's TED talk uses data to argue that young Americans are financially worse off than earlier generations, calling it a great intergenerational theft. He covers root causes and what could change it.
HN commenters cite it for hard data on millennials versus boomers and the economic reality facing young workers.
12 comments from Hacker News
Here is the talk. Every multigenerational American family should be forced to watch this and discuss the ethical implications of each peesons vote in future elections. this video
Scott Galloway’s TED Talk covers a lot of the current reality young people face entering the workforce. this video [LINK] It is complicated, but may become more pronounced as the baby-boomer generation retires. =3
I don't follow your terminology or your reasoning. What you want to call "The Symbolic Sovereign" boils down to a (reasonably) independent judiciary/Supreme Court/High Court + (optionally) a constitutional monarch or ceremonial president, which the US does not have as a separate office (that gap gets filled by other nonprofits, watchdogs, civic bodies, activists like Leonard Leo, media organizations, churches, commentators like Jon Stewart, interest groups, lobbyists, authors). Couldn't we just call that "rule of law + an independent civil society + media"? But the US Supreme Court is(/used to be) credible not because it rarely took action, but because justices and their rulings (and the appointment process) were non-partisan. Pre-Citizens United (2010), anyway. Post-2013 the US now has unlimited untraceable dark money in politics, amplified by social media to inject influence into the political process. I think that renders it utterly irrelevant now whether a country has a popular referendum process (or else uses the executive or legislature to change things). Clearly this leaked into other countries. At least a-decade-and-a-half ago. If you have enough money you can now pervert/coopt any of these. The details are irrelevant (unless you're doing a post-mortem). Scott Galloway keeps warning about increasing inequality of wealth in US politics: this video You don't want to talk about social media + money replacing discourse, post-2010. I think that intentional omission alone inva
The bimodal distribution of student entrance performance correlating to stratified fiscal castes has been observed for sometime: "Outliers: The Story of Success" ( Malcolm Gladwell, 2011 ) i.e. the curriculum lesson plans naturally evolve to exclude individuals that don't need introductory lessons, because they are on average 3 years ahead of their peers by the time they enter undergraduate programs. The kids that need to "catch-up" in introductory Math/English material are no longer failed/held-back a year in some municipalities, but rather given a remedial curriculum over the summer. If those kids parents can afford to put them through an early tutorial program, than excluding the "poor kids" from a seat at the more lucrative faculties is rather guaranteed. this video Mind you explaining to privileged kids why they _get_to_ attend additional instruction can be difficult. As social media normalizes lack of impulse control, and rewards group-think biases. Our little ingrates think they can con/hack their way through life, as some fool on the web is telling them to take the easy path. Some university kids that rely on student visa programs to access the US immigration process, will get desperate and try to outright cheat their way through a Bachelor of science degree. The real scandal is some folks get 50% of the final problems from $18.74 USD gray market course manuals out of HK, as many institutions must structure their exams this way for credit-transfer compatibility. The myth
This is deckchairs on the Titanic. "long-term stability" ? US federal debt is now 122% of GDP and rising; from only 79% in 2019. [0] In a few years we get to the levels at which countries either slide into war or sovereign default. I cited you Scott Galloway saying the current US political process is simply generational theft by the elderly from the young. [1] Even just look at the discrepancy in % home ownership level (by age) and you see how unsustainable it is. Sure in principle, a (US or UK) referendum process would have to be safeguarded, if all the other legs of healthy democracy were still in place, and the (US) judiciary hadn't already in 2010 removed the mechanism by which excessive money coud be kept out of politics, but that's all well in the rear-view mirror. I think your analysis is wanting to hang everything on some structurally independent mechanism that will persist longterm, regardless whether it's a referendum mechanism or rule of law + independent media. > At the state level, you still defend your values with one person one vote. No you can't do that either, because only a few (27+16 / 438) Congressional districts in 2024 were toss-up/competitive and not safe/gerrymandered, per Brennan/Cook Political Report [2]. And when one party establishes a quadrifecta in a state, they try to lock down that numerical advantage for another decade or two. [0]: "U.S. Debt Is on Pace to Set a Record High, Going All the Way Back to 1790" [LINK] [1]: this video [2]: [LINK]