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RE: The Unevolved Investor

in LeoFinancelast year

Some were saying that depression, loneliness, and having anxiety attacks were first world sickness. There was some truth to it, because initially, those were only seen in well off countries. But I think it also has something to do with the environment. People in the first world countries tend to have easier lives compared to those in third world countries. They have better healthcare, government support, facilities, etc. Those in third world countries are having too much trouble trying to survive to have other thoughts like existential crisis, or mid life crisis. They are thinking of how to get food on the table for their next meal.

But lately, even third world countries are experiencing these mental problems. They still have survivability issues so not much has changed there. I think it is the slow creeping dread that has blanketed the world. The pandemic took a lot of people from us. People lost their jobs, businesses, and it is now more difficult to survive than before. And then we see the rich becoming much richer, and big corporations with record breaking profits, and yet tech corporations are having mass layoffs.

I think it will only get better once the rich realizes that this downward spiral can't continue forever. Something's got to change and improve. With AI, more people are going to lose jobs, and more people will suffer. The way people work and earn money should also evolve.

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I agree with how you describe it in the first paragraph. Depression is a complaint of privilege. But like you said, it is changing.

I think it is the slow creeping dread that has blanketed the world.

The pandemic was just a catalyst that sped up the process by a few years. I think that for the most part, we were well on the way already. It was like a nail in the coffin for many.

I think it will only get better once the rich realizes that this downward spiral can't continue forever.

They realized long ago - they know that As long as they can survive, it is fine.