I remember learning about economic malaise, inflation and oil wars in the seventies at school.
The grand narrative I was raised on was that deregulation led to the go-go eighties as Reagan leaned into free markets as the mood of America changed.
I’ve read a lot of takes in the financial news and on Twitter that suggest we are in a similar period. I tend to land more towards Kyla Scanlan’s position that the Vibecession may be over. And yet we cannot agree on if things are getting any better. We are confused.
So we have this number that no one knows where it’s coming from, yet we are using it to make informed decisions on headline text which informs what is happening in the economy – but also informs how people should feel about what is happening in the economy. No wonder the sentiment is off! No wonder people are confused! It’s hard to understand what’s happening, and that makes all of this so much harder
Kyla Scanlon “Why We Don’t Trust Each Other Anymore” on Epsilon Theory.
I’ve got lots of reason to be optimistic. I see the shock and confusion and culture wars and I still see people who are optimistic.
I’ve taken to joking around about decisions by saying “fuck it, e/acc!” I am extremely online and it’s a contagious cultural meme to root for the future. And so maybe things are getting better.
There is a same shit different day quality to the long now. But I see more and more people committing to build things. Gold rushes are a patten humanity seems to follow at every changing of the generations. Maybe we’ve got reason to think we can come out of this moment better. Or at least work to make it so.