The universality of the U.S. dollar made a piece of paper socially equivalent to gold and organized life around accumulation even when more money no longer changes consumption.
Topic brief
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Accumulation
The universality of the U.S.
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Key Notes
The baby-boomer ethos of achievement and accumulation is destroying the environment, the economy, and ultimately their children.
Franklin’s simple living and constant achievement are reinterpreted as symptoms of middle-class anxiety: accumulation becomes the only defense against falling back into poverty.
Capitalism begins when money is accumulated for its own sake rather than spent for communal status, feasts, parks, or redistribution.
Timestamped Evidence
"And this shows you how science has become the new religion of the world. And if you think about it, the scientists that run..."
"So that if you take your U.S. dollars, you can go anywhere in the world. And buy yourself a villa. Or enjoy a nice..."
"...boomers have a religion, and it's an ethos of achievement and accumulation. The more the better. The bigger the better. The more money I..."
"This is different from history where if you're born poor you stay poor. If you're a noble person you could have no money but..."
"Well why is he focused on such a simple living? Why does he constantly want to achieve? It's because of the anxiety of being..."
"money and how do I know I'm going to have it because I'm rich though my wealth shows that I have true faith in..."
"money to the poor people of Rome he gave a third of his money to building parks for Rome okay and the the final..."
"have absorbed this mentality okay we believe that we should accumulate money for the sake of accumulating money that's why we worship people like..."
Relevant Lectures And Readings
Fukuyama's end of history becomes, in this lecture, a temporary American spell: Pax Americana, science-priesthood, and dollar worship.
The lecture begins with Canada's immigration crisis and ends with a theory of Western collapse.
America begins here as a cure for civilization: a clean-slate game built from Enlightenment rights, self-help, property, and fair rules.
The Protestant Reformation begins as liberation from priest, pope, and ritual.
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