# Is it possible that there is a relation between financialization and missing progress? What is it? Which way does causality run?
# Is it possible that there is a relation between financialization and missing progress- What is it- Which way does causality run
Inspired by [[Thoughts in Between 88]]

## Related
[[WTF happened in 1971? - Article]]
          


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Is it possible that there is a relation between financialization and missing progress? What is it? Which way does causality run?

# Thoughts in Between 88
- Financialization is creating a macro talent distribution problem
- Financialzation is when finance becomes a larger part of gdp
- Salaries in finance are 70% higher than other sectors
- Financialization may have negative economic impacts
- Possible that social leveling norms reduced social 
References: 
[TiB 88: the costs of financialisation; reframing AI safety; civilisational collapse… | Revue](https://www.getrevue.co/profile/mattclifford/issues/tib-88-the-costs-of-financialisation-reframing-ai-safety-civilisational-collapse-208681?utm_campaign=Issue&utm_content=view_in_browser&utm_medium=email&utm_source=Matt%27s+Thoughts+In+Between)
[[Matt Clifford]]

                        

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Stagnation and Scientific Incentives

aroraChangingStructureAmerican2020

The definition of the ARPA model has changed over time

Expanded list of WTF happened in 1971 and afterwards

JASON group

What if the thing that happened in 1972 was 27 years passing after WWII?

# WTF happened in 1971? - Article
# WTF happened in 1971- - Article
- Compensation and productivity decoupled
- Real GDP per capita, Real GDP per FTE (full time equivalent worker), avg real wage, deflator, avg real wage api, and real median weekly earnings of full time workers decoupled
- 95th Percentile income, median income, and 20th percentile income decoupled
- CPI started increasing drastically 
- Health care expenditures went through the roof
- CPI for Tuition, school fees, childcare went up a ton
- All major currencies depreciated relative to gold
- Income growth of bottom 90% of earners stopped increasing
- Number of countries with banking crises went up a ton
- Income inequality kept increasing
- Federal debt held by the public stopped decreasing after WWII 
- Debt to GDP became decoupled
- Debt trend line seemed to accelerate
- Personal savings rate started decreasing instead of increasing
- US trade balance reversed
- Divorce shot up
- Incarceration rates shot up
- Rate of 25-29 people living with parents and grandparents reversed trend and started going up
## Questions
## Thoughts
## Related
[WTF Happened in 1971 with Ben Prentice & Heavily Armed Clown — The What Bitcoin Did Podcast — Overcast](https://overcast.fm/+LCsHc5Q_g/1:18:10)
## Authors
- [[Ben Prentice]]
## Link
[WTF Happened In 1971?](https://wtfhappenedin1971.com/)


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