We know what’s coming and we are prepared.
📝 Lomez on X:
"Zoomers are the first cohort to be fully immersed in the reality of generational downward mobility. While millenials will also earn less than their parents, they were formed under the expectations of America ascending to a kind of Post-History stasis where at worst their status and wealth was permanently locked in.
Zoomers have none of these illusions and rightfully reject the obsolete and facile narratives they’re expected to swallow and obey to make sense of their lives and ambitions. Those are dead narratives. They do not reflect reality at all. They do not reflect the deranged cultural and political circumstances they’re expected to navigate from a position of negative expected value for pretty much any career path outside of genius tech outlier.
Scolding them is a stupid and pointless exercise that will only drive them further into despair and resentment.
Yes. Don’t be resentful. Don’t give in to despair. Be resourceful and lay a claim on your own life. But it’s also going to require offering Zoomers much better and updated narratives and opportunities for how to accrue status and wealth and the basic conditions for living a dignified life for the average guy who is not an outlier tech genius.
There are short, medium, and long term fixes for this. Some straightforwardly political. Some more complex cultural questions. But the implicit promise of boomer America, even Gen X America, is no longer viable, and that broken promise has absolutely nothing to do with Zoomers themselves."
📎 Lomez
🇸🇪 Sweden passes 'good behaviour' law to kick out misbehaving immigrants
Sweden's parliament passed a law on Monday allowing authorities to revoke immigrants' residency permits based on bad behaviour, such as having unpaid debts, doing undeclared work or links to extremist organisations.
The law, which covers pending permits but also retroactively already granted permits, is part of a wider tightening of immigration rules by the right-wing government and its support party, the nationalist Sweden Democrats, ahead of a parliamentary election in September.
The law has been criticised by the opposition and human rights advocacy groups as arbitrary because decisions would be taken on behaviour that has not been deemed criminal.
The law does not specify what types of behaviours are deemed unacceptable but the government has mentioned unpaid debts, not paying taxes, criminality and links to extremist organisations. The Migration Agency is tasked ...
The U.S. Strategic Petroleum Reserve (SPR) has fallen to 340.3 million barrels, its lowest level since 1983, after the government released another 8.9 million barrels last week.
The reserve has dropped 18% (75 million barrels) since the Iran conflict began in February.
The administration has used SPR releases to help keep oil prices from surging.
Source: CNN
