They still are. It's just that the retirement plan has been socialized to the level of the nation state. The labor of the young takes care of the old. This is literally true in the case of social security which is funded by taxing current productive labor.
This isn't necessarily bad, because it's the way it's always been. But it is something like a multi-generational ponzi scheme. It can work for a very long time, but eventually, the last generation is left holding the bag with no one to pass it onto.
I'm not sure this sentence make any sense. The same could be said about slavery. Is slavery not necessarily bad because it's the way it's always been?
Maybe I should have said it isn't obviously bad or some new, modern evil that we just invented. It's how human social groups that take care of their non productive elderly have always operated.
But yeah, I do see it as a potential systemic problem. Because the care for the old has become so massively socialized, we also find ourselves in a situation where it becomes individually advantageous to not do the personal sacrifice of having and raising children. Not only is having children a huge financial burden, but it's also a huge time commitment. And when you don't get to primarily benefit from you own children's productivity, that burden isn't as highly rewarded as it has been in the past.
I think we're starting to see this break down in many first world countries that don't have a replacement birth rate. I could see the reactions being one of...
1) start penalizing the childfree. There's a long history of this solution going back to as far as ancient Rome, https://en.wikipedia.org/wiki/Bachelor_tax.
2) increase the social reward for having and raising children. We already do this to some extent, e.g. the child tax credit.
3) develop non family oriented baby mills. Basically state run institutions that raise (and possibly even incubate with artificial wombs) children at an industrial scale. Brave New World is a classic example of this taken to the extreme. We already do this to some degree with public schools and face increasing calls to expand it with free preschool. If we can figure out how to produce healthy, well adjusted members of society with the greater efficiency of 1 adult "parent" to 30 children, like we do in school, rather than 2 parents to 1-5ish children, then we'll probably do it. Currently, it doesn't appear that we can do that, judging by the outcomes of orphanages.
https://espas.secure.europarl.europa.eu/orbis/sites/default/...
Left holding the bag.
I think they thought of him as the second coming of Jesus himself, and he felt he had to do extraordinary things to live up to that image (which of course is impossible).
I think he secretly hated it and that's why he trashed his own hypocrisy in some interviews, saying that the charity talks were all an act and not true.
And I also think that's a big part of his "I'm stupid / I fucked up" line of defense. Yes, he may think it helps his case (but is he actually that naïve?) But the main goal is to tell his parents "see, the genius you thought I was is actually a complete idiot, what do you make of that?!?"
I think he's happy to suffer if that makes his parents suffer more.
(Of course that's all speculation and pop' psychology and as such isn't worth the electrons it's typed in; but it's a possibility.)
Most caring parents would aggressively caution their children from heading down the path SBF went, especially if they're smart, educated parents.
There are no "boy geniuses" out there like many lead SBF to believe he was, people from prestigious backgrounds know this better than anyone. There are some really smart people out there, but anyone being propped up the way SBF was is being setup.
I don't have any sympathy for SBF, but a lot people whose names we'll never know where more than happy to set him up to think he was himself an unstoppable genius because that helped them sell a product and they know that it will also help focus all the blame.
"My son is going to prison but I have secured my millions so it's fine" is generally not a thing.