02-07-2019, 10:17 AM
I mentioned this in some other threads already - or hinted at it - but here's the theory in full:
Currently, we have five generations alive and kicking - Silents, Boomers, Xers, Millennials, and Homelanders. (I left out the G.I.s because only a tiny minority of them is still alive.)
Theoretically, the old Artists should be out of power, except for some very old intellectuals and some judges. As it was during the last Crisis.
That's why I made the "Powerful Silents" thread - to show how they're still influencing US society from the background. Billionaires like Buffett or Soros and many others doing lobbyism to make sure the laws stay complicated enough they can abuse loopholes and keep their billions. (About one in three people with a net worth >4 billion $ is a Silent!) Old politicians like Pelosi who fight Trump wherever they can.
Originally, Strauss & Howe predicted that the Crisis was supposed to start around 2005! Obviously something went wrong. FDR was able to start reforms in 1933, only four years after the Crisis started - even ten years after the Financial Crisis, we haven't fixed anything, not even in our gut feelings.
Seems to me that S&H didn't consider that people live longer and stay healthier. How many octogenerians did run hedgefunds and administrate fortunes of several billions in the 1930s?
FDR could bully the SCOTUS by threatening to appoint six more pliable younger judges, and they gave in. But how do you get rid of powerful, cunning old billionaires? In a legal way, that is?
Currently, we have five generations alive and kicking - Silents, Boomers, Xers, Millennials, and Homelanders. (I left out the G.I.s because only a tiny minority of them is still alive.)
Theoretically, the old Artists should be out of power, except for some very old intellectuals and some judges. As it was during the last Crisis.
That's why I made the "Powerful Silents" thread - to show how they're still influencing US society from the background. Billionaires like Buffett or Soros and many others doing lobbyism to make sure the laws stay complicated enough they can abuse loopholes and keep their billions. (About one in three people with a net worth >4 billion $ is a Silent!) Old politicians like Pelosi who fight Trump wherever they can.
Originally, Strauss & Howe predicted that the Crisis was supposed to start around 2005! Obviously something went wrong. FDR was able to start reforms in 1933, only four years after the Crisis started - even ten years after the Financial Crisis, we haven't fixed anything, not even in our gut feelings.
Seems to me that S&H didn't consider that people live longer and stay healthier. How many octogenerians did run hedgefunds and administrate fortunes of several billions in the 1930s?
FDR could bully the SCOTUS by threatening to appoint six more pliable younger judges, and they gave in. But how do you get rid of powerful, cunning old billionaires? In a legal way, that is?