The Rising Costs Of Late Life And The Falling Value Of Wisdom

It’s easy to see the retirement crisis as an economic issue of which money is the measure of well-being.

“So now, at 76, [Roberta] earns $915 a month through Social Security and through Supplemental Security Income, or SSI, a program for low-income seniors. Her rent, which she has had to cover solo since her roommate died in August, is $1,040 a month. She’s been taking on credit-card debt to cover the gap, and to pay for utilities, food, and other essentials. She often goes to a church food bank for supplies.

More and more older people are finding themselves in a similar situation as Baby Boomers reach retirement age without enough savings and as housing costs and medical expenses rise…”

“This Is What Life Without Retirement Savings Looks Like” | The Atlantic | Alana Semuels | 02/22/2018

I read it as a cultural issue about the declining value of knowledge.

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May The Web Be Unbroken

Barack Obama was wrong or feckless on a number of important issues, but on that “You didn’t built that” remark from his re-election campaign he was sorta right:

The Internet didn’t get invented on its own. Government research created the Internet so that all the companies could make money off the Internet.”

President Obama Campaign Rally in Roanoke” | Barack Obama | C-SPAN | 12/16/2015

Obama got a lot of flack for saying this—much of it from those captured by a shallow narrative of tech innovation driven by bold visionaries rather than sluggish bureaucracies. (How Silicon Valley pushed this narrative, known as The Californian Ideology, is an interesting story on it’s own. Wikipedia has an excellent summary of it. In The Century Of The Self, documentariam Adam Curtis draws connections between the Californian Ideology and Ayn Rand’s philosophy.)

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