• Sam Bankman-Fried, a 30-year-old billionaire, was referred to as a “trading wunderkind” and “crypto wunderkind” in the press before his arrest in the Bahamas.
• Millennials and Gen Z have been treated as hapless children their entire lives, and this is reflected in their low marriage and home-ownership rates.
• Life expectancy is growing, but the average adult American man has a life expectancy of only 76 years, and SBF is 8 years away from that.
• The Boomer ascendancy has left us with a global gerontocracy and a languishing generation waiting in the wings.
• Delayed adulthood has had disastrous consequences for procreation in industrialized nations, and is at the root of declining fertility and population collapse.
• The prevailing wisdom in Western nations is that the ages of 18-29 are a time for extreme exploration, with no expectation for leadership.
• CEOs of companies listed on the S&P 500 are getting older and staying in their jobs longer, and 25% of Congress is over the age of 70.
• Anthony Fauci (82) isn’t retiring, and the sins of SBF will lead to even more extreme skepticism of ambitious young founders and leaders.
Published January 17, 2023.
Visit The Free Press to read Katherine Boyle’s original post It’s Time to Get Serious
