The reasons for this can be debated. I engaged in such argument in my book The Courageous State. In that book I argued that we live in a world where those with power do now, when they identify a problem, run as far as they might from it and say the market will find a solution. The market won’t do that. It is designed not to do so. Those suffering shit-life syndrome have, by default, little impact on the market. That’s one of the reasons why they are suffering the syndrome in the first place.
It’s the simple ignorance which is so annoying. The truly great fortunes have been made by the people who took something extant and then made it cheap, so the poor could afford it.
A million pennies a day is better than 100,000 tuppenys. As the history of every new newspaper has shown, the opening in the market is always at the bottom, to make it cheaper and gain the larger audience.
Ford didn’t make his money by moving up market, the Model T was the first working man’s car.
We don’t just suffer shit life syndrome. We’re also suffering shit politician syndrome. And both are crippling.
Or as more than one fascist has put it, give me power and you’ll be farting through silk.