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by rootusrootus
2770 days ago
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- Another lost decade of growth, with Generation X realizing their 401k won't actually grow enough to let them retire before 70. - Autonomous cars will continue to be a tantalizing but unrealized dream for all but a few niche markets. - AI will fade back into science fiction. Automation will continue to be the boogeyman that isn't quite here yet. - I think public support of the health insurance status quo will collapse and Medicare for All will become an actual Thing. - Facebook and Google will face legitimate disruptors. Apple will try to pivot away from reliance on iPhone for growth and try to be another Alphabet instead. |
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I'm almost certain about the first part (collapse) but much less certain about the second.
The fundamental issue is affordability: we can't afford the health system we have. No matter who pays, the burden is going to be substantial. It's just a question of whether it's foisted onto shareholders (capital), households, or taxpayers.
I'm honestly 50/50 on whether we'll head toward more widespread government insurance or whether coverage will become harder to get, thereby forcing more people into the private markets, with healthcare orgs working more like auto repair shops -- mostly private with a lot of price competition, and broad affordability. Either outcome has its pros and cons.
I think a lot of the next 15-20 years is going to depend on what happens during the next 5. It's basically two outcomes.
Scenario A: Interest rates continue to climb, urban housing affordability improves through some level of deregulation/less aggressive zoning, tech fans out a bit. The sense that prosperity is too concentrated starts to dissipate. Ocasio-Cortez and co. lose steam and the US turns back toward a more moderate politics.
Scenario B: Things continue as they are now. More young people embrace socialism because growing student debt, unaffordability of housing, and rising/unavailable healthcare lead to a greater desire for government control of the economy. US takes a hard left turn, we get Bernie or someone of the far left for president. US is in the grip of populism (both left-populist Antifa and right-"blood and soil" nativism), things go backward.
If we get scenario B, we're going to get some form of national single-payer. If we get A, I'm less certain.