Monday, April 16, 2012

It Isn't Business as Usual

Barry Ritholtz put up an interesting post this past weekend. He attended some lunches and dinners with the heads of some start up companies. I am encouraged about what he had to say. Here is the money, italics mine:

The youth of America are full of ideas and energy. They don’t give a shit that their parents fucked everything up — they are going to steam roll over the old order and replace it with one of their own. They understand that future is not about the past. They know that they are a business of one, that no company or government is ever going to offer them economic security. They are their own team, brand and idea factory.

There are lots of things people are rightfully upset about — I lost my voice ranting last night about eejit economists who think the crisis was caused by “predatory borrowing” (it wasn’t). But that’s not what is going to be propelling us forward.

Don’t look to DC — the political debates there are laughable. Its like watching two different T-Rex debating who gets to eat the dead plant eater unaware of the the giant asteroid hurtling their way. Their argument gets resolved when the asteroid turns their summer into nuclear winter.

The old order, the political hacks and hangers on, the whiners and recession porn stars and permabears — the dinosaurs — all have no idea WTF is coming their way. They are going to be mowed down like so many extinct species before them. They cannot see the asteroid hurtling their way from the deep black depths of space.

The Future of America is coming. It is not being driven by Goldman Sachs or the GOP or Obama. That’s old school, the old order, yesterday. It’s coming, and coming sooner than most people imagine.

When you get run over, don’t say you weren’t warned . . .

While I think Ritholtz ignores some of the roadblocks along the way that will slow down and possibly derail this new breed, such as old school politics and the like, I agree with his thrust in general.

My generation - the Gen X ers, and those who are coming after us have received a pretty raw deal, perpetrated upon us by the Boomers. We realize that there will be no Social Security at this pace, even though our weekly paychecks are deducted for it. We understand that there are millions of people who have enormous salaries and benefits for pushing papers across the desk of a DMV, and we resent it. Now that we are starting to have kids, we are teaching them that there is NO REASON to rely on the government for ANYTHING and that they are on their own. And that we vote accordingly.

I agree with Ritholtz - some of the new tech and other things coming down the pipe are going to blow the old guard away. We can organize a rally very quickly with thousands of people with a simple Facebook page. This is just one example. The dinosaurs better get ready. Because it is coming. It may take a decade or two, but it will be here before you know it.

Cross posted at ChicagoBoyz.

*the Ritholtz piece has some very good comments on it

4 comments:

Carl from Chicago said...

This is an interesting piece.

I too am optimistic about many things in the US, the items that make our country great. The ability for people to come hear and make a name for themselves, our ability to arm ourselves, and the core capitalism that hasn't yet been extinguished.

The sad, sad part of this is the inter-generational warfare will be very bloody. Those who benefit from government largess will use every tool they have to keep their money coming to them.

Dan from Madison said...

We have seen this in Wisconsin. And we aren't talking about taking a huge amount of money away from the public unions either, in this particular case. I look at the marches and protests as convulsions of an already dead carcass - long term. There will be short term setbacks but in the end the model cannot be sustained. It is simple math.

Gerry from Valpo said...

"My generation - the Gen X ers, and those who are coming after us have received a pretty raw deal, perpetrated upon us by the Boomers."
.

http://youtu.be/qS7nqwGt4-I

Dan from Madison said...

@Gerry:
"The youth of America are full of ideas and energy. They don’t give a shit that their parents fucked everything up — they are going to steam roll over the old order and replace it with one of their own. They understand that future is not about the past."