#disillusionomics

#disillusionomics

The conflict has driven up the price of oil and natural gas; damaged oil refineries, tanker terminals and other energy infrastructure; disrupted shipments of fertiliser that the world's farmers depend on; and damaged the confidence of businesses and consumers.

[I'm] lucky to get three cars a day. And most people don't even buy a thing.

Anna Holmes defines 'hype aversion' as a reflex against being told what to like, suggesting that popularity can create pressure rather than signal quality. This feeling can lead to a deliberate choice to resist mainstream culture.

Americans are also facing a bizarre epidemic of gullibility and cynicism-gullicism, if you need a portmanteau-that is drawing people into a world of conspiracism and falsehoods, one where facts are drowned out by a cacophony of extremely loud and wrong voices. Reliable information is both more available and harder to find than ever.

Back in the post-WWII era, being middle class meant something clear and attainable- a steady job, a home you could afford on one income, being able to buy a new car, and the ability to raise a family without constant money stress. Pew Research defines the middle class as households earning about two-thirds to double the national median income, with the exact dollar figure depending on where you live.