The economy has turned into a casino
The modern economy feels increasingly random, breaking the link between effort and reward, especially for Gen Z men.Summary
The article discusses how the modern economy increasingly resembles a casino, particularly for young men. It argues that traditional pathways to success – like college admissions and job hiring – have become opaque and feel rigged, leading to a sense that effort doesn't guarantee reward. This disconnect drives some to disengage while others pursue high-risk behaviors like crypto speculation and online trading, hoping for a large payout. The author highlights the deregulation of risky behaviors and the algorithmic nature of modern systems, contributing to a feeling of randomness. While the author may not agree with all proposed solutions, they emphasize the need to restore a sense of fairness and predictability to the “social contract” for young people.
(Source：Forexlive)