How younger Americans turned overspending into a badge of honor—and called it hardship. Easy credit, culture, and consumption have convinced a generation that they’re poor.
Hi Liam. This story and “The United States of Credit “ got me thinking of the satirical science fiction stories of Frederick Pohl. He was a writer in the classical period of sci-fi who wrote a few stories about financial things. The story I remember was called “The Midas Plague.” It was about a future where to possess nothing was considered wealth, an upside down economy.
I didn’t realize it was made into a screen play, but it stands to reason. It was a good short story. Pohl incorporated economics into most of his stories for social commentary. Thanks for that. Maybe the story could be revived for today’s audience?
I’m must look him up Michael and that is a great title - must look it up. I do wonder how ‘digital credit’ is going to shape our lives going forward. thanks for the subscription too!
Hi Liam. This story and “The United States of Credit “ got me thinking of the satirical science fiction stories of Frederick Pohl. He was a writer in the classical period of sci-fi who wrote a few stories about financial things. The story I remember was called “The Midas Plague.” It was about a future where to possess nothing was considered wealth, an upside down economy.
Just found the BBC production back in the 1950s: https://archivetvmusings.blog/2014/11/30/out-of-the-unknown-the-midas-plague/
I didn’t realize it was made into a screen play, but it stands to reason. It was a good short story. Pohl incorporated economics into most of his stories for social commentary. Thanks for that. Maybe the story could be revived for today’s audience?
Let me get back to you on that after I read or even watch it - but the premise certainly seems worthwhile exploring, especially now...
I’m must look him up Michael and that is a great title - must look it up. I do wonder how ‘digital credit’ is going to shape our lives going forward. thanks for the subscription too!