by Charles Hugh Smith
Of Two Minds
Behind the facade of normalization, even high-income lifestyles have been ghetto-ized.
Consider the defining characteristics of a ghetto:
1. The residents can’t afford to live elsewhere.
2. Everything is a rip-off because options are limited and retailers / service providers know residents have no other choice or must go to extraordinary effort to get better quality or a lower price.
3. Nothing works correctly or efficiently. Things break down and aren’t fixed properly. Maintenance is poor to non-existent. Any service requires standing in line or being on hold.