volatility and instability
this is a constructive criticism of how the world's economy is organized, narrowed down to its personal impact.
like many, i've contributed alongside my employers for decades into my family's 401k. over those decades there's a profitable result, as the ed jones folks advertised there would be during both the 2001 and 2008 recessions. the account lost a lot of value during those times, but rebounded well. now we're approaching our retirement years. how long until the next massive cliff dive?
the criticism i put forth is this. negative instability shouldn't be part of a foregone conclusion. there's a lot of brilliant economists. a segment of those should be working tirelessly to eliminate volatility. there must be a way to solve the periodic nosedives the economy takes. call me naive. mankind is capable of remarkable things. the elimination of economic instability feels attainable.
yours truly, soon to be retired.
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