Discussion about this post

User's avatar
Keegs Marshall's avatar

Hi Art! Keith here from the iComposition days. My apologies if I'm explaining what you already know. Re the Don Draper quote: WW2 created an unusually level economy where the working class had loads of money to spare. Partly due to the enormous number of deaths of working class males, giving them unprecedented bargaining power in the employment market. As a consequence, new markets emerged, fed by new techniques in mass production, suddenly there were luxuries (like hifi) for the masses who for the first time had leisure time (cultural pursuits, like music) and money.

Now everything is drifting back to historical norms. Neo feudalism is on the way, people can't afford a roof over their heads, much less hifi and only a severe drop in working class population numbers will reverse this. The drop would need to be more severe than WW2 to have the same effect, since modern automation (including AI) would act as a buffer to population drop.

No posts

Ready for more?