We have low interest rates now. We had low interest rates in 08 through the early 10's too but the ~i n f l a t i o n~ boogyman and super serious debt hawks said we couldn't do it, all while passing tax cuts and giving the military essentially unlimited money, while continuing to erode our rights.
American infrastructure is beyond saving and will require new deal levels of spending to even get it to a shape resembling the amount of wealth this country has, and we are never going to do it because we live in an oligarchic state and the billionaires are fine, so why do we need to do anything more?
Let's be clear: globally the world is much better off than it has ever been and therefore the optimists were correct. Even in the US I remember how in the early '90s the Gen xers were always complaining about how the future was going to be f*. They were wrong too.
based on historical trends you are most likely wrong as well.
I mean listen to yourself. you are talking about generations of false optimism and yet the world and even this country has a much higher standard of living than it has ever had.
Also this is the first time in our history that the youth are expected to make less than their parents. The older generation stripped away pension plans, affordable university, affordable healthcare, job stability - basically everything that was working well, and sold their kids off into student loan debt.
Read a history book and gain some perspective. You lack it.
By the way, you left out affordable housing. That is a huge generational theft, and is the worst in areas like California, where baby boomers used zoning laws to prevent an adequate supply of new housing from being built.
Standard of living for most Americans is actually bad right now - trillions of student loan, no prospect of home ownership, no jobs, extreme income interest, weak authoritian governments,and let me know even start of climate change.
But hey, we have a new iPhone so I guess it's all fine.
If you want to borrow money from a bank as a 26 year old startup founder you are probably getting a bad deal with high interest rates. You're not seeing the benefit of the negative interest rates. Going from a 13% interest rate to 10% isn't going to magically make your startup profitable.
Basically the policies have an effect but they are completely inaccessible for those who actually need them. Because of the selective access the stimulus is actually causing market distortions that hurt those who don't have access to the stimulus.
I don't think it's the fault of young Americans. It's more the fault of those in charge. We haven't been investing in young Americans like we did in the post WWII era. It's no wonder they're pessimistic given high amounts of student debt and political rulers that are basically trying to milk all the money out of the masses to enrich the themselves and their wealthy friends.
I'm curious what infrastructure you think would excite young Americans. With the exception of changing energy generation from fossil fuels to renewables, I can't think of a single thing that I could generalize young Americans caring about, much less be excited about.
Not saying that there aren't people like yourself and others that get excited about infrastructure, but is there anything that would excite more than just a tiny subset of us nerds that care about such things?
> Anecdotally, the largest problem I think we have is that there are vast amounts of people who feel like victims and just about everyone feels like they are under attack or have been violated.
I wholeheartedly agree that many feel this way, but how does getting excited about infrastructure projects address this? The root cause of people feeling this way is because they are constantly being told by the MSM and social media that they should feel this way.
Contrast that with some of the underfunded, addiction-riddled states where nothing new has been built since the 1960s...I mean, I'm going crazy just from staying inside for the last couple months. I couldn't imagine what it'd be like if I was born in and terminally stuck in a town that looked exactly the same for entirety of my life. That's incredibly depressing and demotivating.
I ended up leaving the U.S, and was surprised to learn that public transportation and not needing a car is pretty much standard in the rest of the world.
its easy to feel that way when the news media from fox (especially) to cnn is pumping that stuff out daily as they almost seemingly yell at you from the screen...
We have low interest rates so I'd love to see shovel ready projects like the Gateway tunnels in NYC get off the ground. I'd love to see emerging industries in America get bigger like Robotics, new Energy Ventures, anything related to Space and Advanced Manufacturing.
Anecdotally, the largest problem I think we have is that there are vast amounts of people who feel like victims and just about everyone feels like they are under attack or have been violated. I want to create value with my life and hope that I can provide opportunity for others in the process. There are many culture wars things that are debated on social media that I see disingenuous actors from many angles that I need to drown out so I can focus on other things.