Comment by forgotoldacc | Hacker News Reader

Comment by forgotoldacc | Hacker News Reader

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I'm not saying you're wrong (and I didn't downvote you), but it's weird how every single thing today is some sort of potential investment. It's weird how you're probably right.

Pokemon cards. Crypto. NFTS (not anymore though). Something a famous person once touched (this one kind of existed in the past with things like saints and holy figures using something, but now it's transcended religion and it's everything anyone of note used). Something a famous person simply recommended. Meme stocks of companies that have no real product to back them up. Toilet paper. Hand sanitizer. Mugs.

Beanie Babies were mocked for being a clearly worthless thing that gen x went wild over and it all collapsed overnight. Now millennials are turning everything into Beanie Babies, and despite plenty of people thinking the "everything investment" bubble will pop, it just keeps growing forever and expanding into more areas of life.

I've been thinking "the bubble is going to pop" for years (decades?) now. But it seems to have not only not popped, it's accelerating.

> Now millennials are turning everything into Beanie Babies

A thousand years after the last millennial has died, they will still be blamed for every issue in society. Naturally, by that time we will have passed the year 3000, so there will be the “neo millennials” to continue taking the blame.

Of corse, that assumes humanity will last that long. Millennials will probably kill us all by then, am I right? I’m surprised millennials haven’t been blamed for the wars in the world, the pandemic, and the US sliding into fascism. Avocado toast eating bastards.

Here’s an idea: How about we stop scapegoating and shifting the blame to a nebulous and imaginary generational divide and all together assume the responsibility of making everything better? No no, wouldn’t work, Gen <insert your bias here> would never allow it.

I'm a millennial and every person I know is obsessed with collecting weird shit for future investments. People older and younger than me aren't doing it.

In 1875, there was a sucker born every minute. Now there's 2.7 of them.

One cannot start a hobby without someone else suggesting you try to monetise it's output.

It brings to mind Marx's labour theory of value. But does the theory describe this psyche; or has the theory itself suggested to us that all our labours must be "valued".

Simple - dollar stops fulfilling “store of value” function of money, other things fill that void.

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