It's odd to me that the wrong take has risen to the top of the comments, but not surprising. HN isn't what it used to be, demonstrated by how long threads dominate the front page while the actual answers fall below the fold.

Regulation isn't the problem, or even part of the problem. Wealth inequality is. Which is counterbalanced by progressive taxation.

But none of you want the rich to pay taxes, so here we are. Quite literally, this Silent Depression is your fault - the titans of the tech industry.

Since we can't rely on our last best hope for breaking this generational trauma we're trapped in to bring actual solutions like UBI, then tech and the financial system it metastasizes may be the enemy. I've had this feeling for a long time, at least since the Housing Bubble popped, 9/11 and the Dot Bomb, but probably as far back as the Savings and Loan scandal of the 1980s, and even before that with the disingenuous messaging coming out of the Reagan administration before I was old enough to understand politics. I remember the news being filled with imagery of tanks rolling through the Middle East and starving children, asking myself why the world would even have wars or hunger when we have nuclear weapons and billions of dollars that could help people. Until I learned that financial elites stoke those fires to further US hegemony to prevent the owner class from being toppled.

I dunno, I just have this feeling that it's probably over. Young people are looking around and asking why they should take that third job to make rent and feed their kids this month, when that money just goes to paying Boomers' retirements in Vanguard and BlackRock. Maybe they can just take this year off instead, by taking this month's income and camping indefinitely, pulling the plug on the rat race and just living. Eventually forming small communal city states that provide for their citizens while the business world consumes itself since it doesn't produce anything like workers do.

So it's looking like the working world will probably go communist in some fashion for survival. Not just in the US, but in Asia and the Global South. That's what I see in the red state I live in, with the influx of financial refugees, flying the libertarian flag in the frontier towns they've constructed without understanding their own communist tendencies.

While with even the slightest central planning, continuing FDR's New Deal and Johnson's Great Society, we could have been living like the Jetsons in 2023. Instead of selling out for trickle down economics and colonizing our own country with the poors propping up the service industry so that billionaires can richsplain to us how if we just worked harder we could be rich someday too.

Play stupid games, win stupid prizes.