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forumposter123@protonmail.com's avatar

EHC seems to do Ed’s, meds, housing, and babymaking shitty. A lot of it relies on an unsustainable debt load and demographics. I don’t see this changing, it’s an incentive structure thing that isn’t going away because of some substack posts.

Its end point seems to be California, and California barely works due to legacy capital from the before times. Shittier versions of the California model without legacy capital can be found in cities through the rust belt and northeast.

I think of my nephew that visited from California. He and fiancé got chemistry degrees and work in a lab. But they can’t afford a house. They’ve got student loans. They earn average for their job which is a good job, but it’s not enough. They have put off getting married and starting a family. She’s thinking of going to back to school to become a nurse, because getting the right side of the unsustainable meds racket seems like the only path to stability. They are 30 and it’s hard to see them settling down anytime soon.

If you’re well off and own a house from the before times it’s OK I guess. But even if you’re doing well it’s still frustrating that you can’t actually buy anything meaningful (I’m not counting consumer goods).

The “beautiful bubbles” are shrinking. The few places left regular people can live well are all right wing.

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Josh G's avatar

Comments that are just positive tend to be low value, but I will mention anyway that I very much enjoyed this article and will engage in the further readings listed at the end!

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