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It is, in other words, a massive up-front transfer of wealth from younger people to older people, on the implicit promise that when those young people become old, there will be new young people willing to give them even more money. And of course, as prices rise, the only young people able to buy into this ponzi scheme are quite well-to-do themselves.
The Homeownership Society Was a Mistake
theatlantic.com
Women and men have heart attacks in different ways. A woman is more likely to experience abdominal pain and nausea than a man, which makes it more likely that the problem will be misdiagnosed.
Like reforestation, species reintroductions, and the planting of oyster reefs, it’s part of what the historian Thomas Berry described as humanity’s Great Work: “moving the human project from its devastating exploitation to a benign presence.”
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