"One advantage of being old is that you can see change happen in your lifetime. A lot of the change I've seen is fragmentation. US politics is much more polarized than it used to be. Culturally we have ever less common ground. The creative class flocks to a handful of happy cities, abandoning the rest. And increasing economic inequality means the spread between rich and poor is growing too. I'd like to propose a hypothesis: that all these trends are instances of the same phenomenon. And moreover, that the cause is not some force that's pulling us apart, but rather the erosion of forces that had been pushing us together."
In general he tries to look for a net positive outcome resulting from these changes, but is not confident there will be one.
Since the 1980s technological progress and also social factors brought an ever increasing re-fragmentation, which, if not properly addressed, might lead to problems soon.
Acknowledging these problems is remarkable -- I think it's the first time pg did that.
"By no coincidence it was in the early 1980s that the term "yuppie" was coined."
... and then read the remaining 15 or so paragraphs - that gets you the whole gist.
The conditions have disappeared, so the economic and social order is unraveling.
Let’s acknowledge the issue and let that acknowledgment guide our policy decisions. We want this golden age back(?).