The Chaos of Our Era

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I have been a bit absent of late. I find writing like a drug. When you are writing, you write a lot. But when you come down off of it, it does not seem necessary. A lot has gone on in the world of tech in the past six months. A lot has gone on in the world of geopolitics. All things point toward our AI future. The marriage of tech and geopolitics. For whatever reason, the rapid pace of technological change faces challenges from the rapidly changing mind of the President. He can’t seem to make up his mind, let alone define a clear path forward. The mere statement Make America Great Again, looks to the past not to the future. The past provides fond memories and valuable lessons, but you cannot bring it back. Unfortunately there is a broader world and even more is happening out there. Much is driven by some of the weaker human emotions, such as fear and loathing (shout out to Hunter S). Decisions with far reaching consequences being driven by emotion rather than rational thought. It makes for a confusing present and an uncertain future. A lot is being driven by the rapid pace and change of technological advancement. A train that has left the station and has no brakes.

The past 6 months has seen me spend a lot of time reading up on AI. Everything from Ray Kurzweil “The Singularity is Nearer” and Karen Hao’s “Empire of AI” to Adam Beckers “More Everything Forever” and about a halt dozen other books. Learning about the personalities who will determine our fate. For all the brilliance of Mark Zuckerberg, Elon Musk, Sam Altman, Jeff Bezos, Sergey Brin etc..they are billionaires and with that comes a lack of empathy for their fellow man. Looking at freedom as the ability to achieve even greater wealth. In the meantime we are receiving a daily diet of AI chatbots going rogue. The cries for regulation from the public and the cries from billionaires that we can self regulate….trust us. Trump assembled them all and came up with…we can self regulate. He can be rather easy to manipulate, We should be listening to Geoffrey Hinton, Demis Hassabis, Yann LeCun. and Yosuff Bengio. Ye stehy are academocs but ethy are also more humble.

The global order is being turned upside down as America goes into remission. Retreating from governing bodies claiming that the US is the only country capable of reason. Treating the rest of the world as it owes the US a debt of gratitude. Therefore it can do what it wants and if not granted it does a bunch of hit and run missions. Then we call ourselves strong. We see breakdowns all over the world. Ukraine and Russia War. Gaza and Israel where over 76,000 Palestinians have perished. Venezuela, where we deposed Maduro through a clever military exercise. We replaced with a new figure, but in short it is the same government. The difference being it will be expected to do Trumps bidding. The Venezuelan people will continue to suffer. Pakistan and India, always a concern because they are nuclear. Thailand and Cambodia seem to be on pins and needles. Will the US seize Greenland? Not based on current agreements. Iran is yet again front and center, as Israel convinces the US to go to war. Will it lead to regime change? Not likely. It turns out Iran has incredible strategic importance. When oil prices rise the planet suffers as inflation rears its ugly head. Putin could not be happier. As is usual in crisis people are quickly educated. I guess the good news is most people now are aware of where the Strait of Hormuz is and its significant strategic importance. All this happening while China watches.

On the technology front a different war rages. The race for Artificial Intelligence supremacy is in full throttle. Companies like Google, Amazon, Microsoft and Facebook are spending billions on adding new data centers. Seeking tax breaks from any state willing to give into them, Promising jobs, but delivering only in the short term. Failing to deliver hardly any jobs for the long term. The tech titans keep laying off people saying AI can do many of the jobs. They promise a new ecosystem of startups being created which will give new jobs. Though I agree there are a lot of new AI startups, will they create new jobs? I believe there are some new jobs. However, the new jobs are not enough to hire everyone being laid off from the big tech companies. In the end one has to ask what the goal is and here the path is fairly clear. From Artificial Intelligence we move to Artificial General Intelligence (AGI). The best definition of AGI comes from former Google CEO Eric Schmidt, “self determination”. A scary thought. It used to be widely stated this is at least 20 years away. In recent years that has widely dropped below five. After AGI comes Artificial Super Intelligence (ASI). Singularity, This is when AI achieves Apex status in intelligence, Humans will no longer be top of the pyramid, What these companies like Google, Open AI, Microsoft, Facebook etc..do not tell you is it was never about AI it was always about AGI and eventually ASI.

You take these two things and put them side by side. We have a world undergoing a massive technological and geopolitical shift. At the same time, the world is facing massive political turmoil. It can make it hard to get out of bed in the morning. Let alone get a good night of sleep to begin with. There is a lot on anxiety in America. Rightfully so. The world order which America so painstakingly crafted is now on the brink of collapse. NATO which has been a bedrock of American alliances is teetering and a fundamental tenant of alliances is being destroyed…trust This became even more clear when NATO allies would not come to the assistance of the US in the Strait of Hormuz. However if your allies are not informed of your intent, it does no good to weigh their interest after you have already committed. We are now over eight weeks in and have failed to define the mission or defined how we get out. As Bill Clinton said when contemplating the Balkan War, “It is not going in that concerns me, it’s getting out”.

Beyond American companies we have entered into a new AI arms race with China. China has proven creative in building new AI models. Though considered a little less than the US AI models they are making fast progress. There are areas where they hold the edge. Autonomous drones, as we learned from Ukraine are the immediate future of war. The ability to create and manufacture a massive swarm of drones is key to the future of war, This is where capitalism failed America. In the spirit of maximizing profits and reducing expensive labor we offshored our manufacturing base. Where did we offshore? Primarily China. If an arms race comes down to manufacturing drones we are in big trouble. China’s navy is now larger than ours. Though not as sophisticated it leap frogged us because we have limited capacity for ship building. The marriage of the private sector and public sector will be important in this race and the US has strong companies and minds to tackle this risk to US defense. A good read on this is Katrina Manson’s book “Project Maven”.

The future of work will be challenged. What will a work week look like? What skills will I need to place myself in a strong position? As AI makes us more efficient will it lead to less people being needed? The unemployment rate has ticked up the past few years. Only residents who are in the labor force are counted in the unemployment rate. Those who have given up looking for a job are not. A controversial position. As large multinationals lay off more people their CEO’s celebrate because they are becoming more efficient. Not to mention they will receive an even larger bonus package. To worry about the well being of citizens is considered too woke. We are creating our own American caste of untouchables. The middle class is being eroded, putting us into two camps: rich and poor. This is not new news, however our ability to do anything about it is seemingly crippled by an onslaught of noise via news outlets, social media platforms and the internet in general.

A big challenge is the tech universe is competition. A failure to innovate is equal to death. A fear of a smaller, nimbler company capturing early market share in a new field. In my youth Bill Gates hammered this point into his employees. A paranoia that if we were doing something wrong, what were we missing? How quickly can we pivot? If competition was emerging how can we defeat it? A prime example from the dotcom days was Netscape. Once in Microsoft’s cross hairs it was quickly determined they must be crushed. Competition and fear have always fueled the industry. However, now the industry is fueled and funded by companies with trillion dollar market caps. Thus you see a massive race in data center build out. There is concern that the cost of this massive capital investment will not see a quick rate of return. Which may be true, but in some ways this is like the massive infrastructure build out during the dotcom era. It will be harder for the new startup to become the next Google or Amazon. The next great company may be far off if ever.

Politics is always present whether at the local level or national level. In the US we have over time fallen into two camps. The democratic left or the MAGA right. Independents are too arrogant to participate. At a time when we need to come together on common goals we are splitting apart. We should come up with a energy strategy. We should have policies in place on climate change. We need a long term plan to address the deficit. We need to address our healthcare challenges. We need to take infectious diseases seriously. These all may be an area where AI can help guide us. It would be interesting if AI says you need to cut your defense budget by 25% or 50%? How would a politician argue with an entity that is not human? The challenge is and what I did not list is we do not have a cohesive strategy when it comes to AI. If you look at our congressional make up it is mostly old white guys.

What is curious here is not what we are watching. It is what are we not watching, China is moving fast and being both tactical and strategic in their plans. One of the key factors in leading the AI race visa vi China is energy. A lot of energy. Electric energy. While the US fixates on oil (a 20th Century fuels), China looks to the future. We need all of the energy we can get which means oil, coal, wind, solar, nuclear etc..No one energy can do it all. China has moved way ahead of the US in robotics. This is important as China faces a population challenge. By the end of the century based on current mortality rates China’s population will drop down to 750 million people, some our projecting lower. Some would say China will begin to lose its manufacturing dominance, enter the robot. China has invested heavily in this area of technology. It will pay big dividends in the manufacturing of iPhones as well as China’s rapidly emerging EV auto industry. The latter they have already taken the lead and have moved beyond what Elon Musk’s Tesla is delivering.

The future is murky. It is not clear. My fear is it will become clear but that clarity will not come from humanity. It will come from our replacement. If we go with AGI as being self determination, what will it determine? Will it set goals for itself? Will it be concerned with the state of the planet? If the earth is overpopulated what will it deem as a solution? Does it have any ethics when it comes to genocide? Can it feel? Can it care, will it care? We have a few people who are tech gods at top of the pyramid making decisions that will impact billions of people. If ASI is achieved will anything humanity thinks even matter? The silence of opposition to these questions is deafening, As stated earlier tech moves fast and it is now entering a phase where those who have built it will no longer control it. We will have to ask our replacement what our future is.

Good Night and Good Luck

Hans Henrik Hoffmann Oct 5, 2026

Greenland’s Emerging Mining Prospects

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Greenland has always been a land that when you see it on a map looks very large and very cold. Frankly for many centuries most people did not pay attention to it. Then the impact of climate change started to be felt. With disappearing glaciers the surface beneath began to be revealed and the minerals underneath the earth began to be coveted. In an era where the sins of the colonial past resurface daily, Greenland has transformed from nomad lands. It is now strategically important. In this scenario, the world’s great self promoter President Donald Trump, has said he will either buy Greenland or if necessary take by force. Not a very diplomatic move. The reasons for are strategic. They are also fueled by greed, America’s Achilles heel. The consequences will be great and many.

If you look at a brief history of the Greenland it follow a traditional projectory. As the European powers looked to expand and colonize new lands they sailed west. Greenland was colonized as far back as the 9th Century. It was Erik the Red who set forth from Iceland in 980 and landed in southeast Greenland. Norway and Denmark established a presence in Greenland in the 1700’s. Like many nations of the era they were trying to become colonial powers. Though Greenland is part of the Danish realm this was only formally established in 1953, following WWII. Since 1979 Greenland has enjoyed home rule. In 1985, it opted out of the European Economic Community. Greenland had become a part of the EEC when Denmark joined in 1973. Since that time debates have been had held on establishing Greenland’s independence. The challenge for Greenland in this scenario would be it would be a large land with small population. The current population of Greenland is a little over 56,000. This is just a small city in America.

Minerals are important to the global economy. Nearly everything we use as consumers has some type of mineral. A lithium-ion battery needs cobalt. Copper is used in construction, electrical products etc..Barite is used as a weighting agent in fluids used in the drilling of oil and natural gas wells. There are 84 strategic minerals that are tracked by the US Geological Survey. They can be found here. Some we have abundant in the US and others we do not. Cobalt comes primarily from the Democratic Republic of Congo. The DRC accounts for 74% of world cobalt. Most of this is exported to China. If you own a smartphone cobalt is a very important mineral in your life. If you look through the geological data China leads in a number of areas. The US has understood this and is trying to strong arm deals like the one recently done with Ukraine. Canada and Greenland are being threatened. They are key areas for providing the US with help in mining for critical minerals. Rather than do a trade deal why not just take them over? This seems to be the Trump logic.

Coming back to Greenland what would we mine for? The New York Times reported in March 2025 that, despite dozens of exploratory projects, there are only two active mines in Greenland. The European Commission did a survey of Greenland and that 25 of 34 minerals deemed “critical raw materials” were found in Greenland. Some of the minerals included are copper, cobalt, lithium, titanium etc.. There are already many large companies lining up for these rights. A big problem is the necessary infrastructure to support mining operations. Roads? Rail LInes? Ports? WIth such a small population, which equals a small work force, it is not surprising. To mine Greenland would require a significant capital investment in infrastructure. There are big companies lining up either investing or ready to invest in Greenland.

The race for precious mineral sis nothing new. In the Belgium Congo they went mad for rubber. As outlined in Adam Hochschild’s excellent book “King Leopold’s Ghost” the small country of Belgium went mad with greed. The winners were the Belgium’s and the losers were the natives of the Belgian Congo. As the 20th Century became about oil, the colonial powers raced across the planet. They looked to secure oil for their rapidly growing economies. The winners were the western powers and the oil monarchs who would make alliances. The losers were the citizens of Iran, Iraq, Saudi Arabia, etc…to name but a few. Daniel Yergin’s book “The Prize” covers the history of oil in great detail. There are countless other examples like the California Gold Rush, Cobalt in the DRC. etc..In the end they have one thing in common the race to make a fortune. The race for minerals has also taken on a strategic function with the race to be the dominant AI superpower. If and when a significant deposit of strategic minerals is discovered in Greenland it will be hard for super powers to resists. Whether they choose a diplomatic route or military route will be the question to watch.

Greenland is in a tough situation. There is a desire for some people in Greenland for independence from Denmark. They enjoy many of the benefits of Danish society, such as Health Care. However, the desire for self-determination is strong. In today’s world, democracy is increasingly under threat. The challenge of being an independent nation could not be more daunting. As stated with only a little over 56,000 people it would have next to nothing in self defense. Greenland would be entirely dependent on alliances. The current US administration would provide the worlds greatest defense, it just would not be an alliance. It would be a conquest. President Trump even sent a letter saying the US would treat native Greenlanders very well. Asking any Native American if they trust the US government to take care of them would provoke deafening eye rolls. According to the National Equity Atlas Native Americans have the highest poverty rate in US at 22%. The US social programs are many but calling them an overwhelming success would be a stretch.

Donald Trump announced he was going to buy Greenland from Denmark in his first term. This announcement came out of nowhere. It was prior to a planned state visit to Denmark. Danish Prime MInister Mette Fredricksen’s response was swift, “Greenland is not for sale”. This prompted a typical Trump response now fondly known as a “Trumpertantrum”. State visit canceled and some name calling directed at the Danish Prime Minister. Maturity seems to have become a word lost to the english language. Well at least in America. However, as fate would have it, the issue would not go away and we elected Trump again and now suffer the consequences. Trump has renewed the discussion. Sending his second in command to Greenland to deliver a letter from the President, A letter veiled in lies. Saying how good we would treat the native population, but offer no details. That is because there are none.

The flip side is to stay the course with Denmark, A nation of 5.5 million people, but also part of NATO alliance, This creates confusion as the US is part of NATO. If the US invaded Greenland what would happen to NATO? Would America just being flexing its muscles and say we will be making the rules? We fund most of NATO. Would this just mark the beginning of the end for NATO? What would happen to US alliances? Who would be our allies if we gave up our NATO alliances? It always seems with this administration they are forever playing the victim. NATO has screwed us. I will give this admin credit. They have forced NATO allies to live up to their commitment and increase their commitment in finding NATO. Throw in tariffs and instead of helping, you are now hurting relationships.

Owning Greenland is the dream of a few. There is cause for concern as minerals are becoming more of a strategic asset and China is leading the way. There is ample opportunity in Greenland and also the question of what we don’t know. Denmark is a small land and could not possibly defend Greenland if invaded. They are also one of America’s allies. Like many things in the Trump world that does not seem to matter. Other countries covet Greenland as well such as Russia and China. Could the European Union invest in Greenland? They would have to balance the discussion with their climate change initiatives. Mining is destructive process. My one viewpoint on this is that Greenland can not go on its own. It will need to determine who it trusts and where it is best served. Of course if conquered none of that will matter.

Good Night and Good Luck

Hans Henrik Hoffmann Sept 8, 2025

Redistricting America

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It is one of those debates that has increased with America’s social division. It all deals with the US House of Representatives and the 435 seats contained within the House. A President is dependent on the house to pass legislation, budgets etc..It was one of the points the founding fathers had in creating a system of checks and balances. Redistricting occurs every 10 years in practice. Usually, the party in power in the House of Representatives redraws the map to its political advantage. For Republicans luck has been in their corner as they have controlled the House at these critical moments. In this day and age, where we can track votes by individual household, you can be very specific and exact in your drawing. As America has become more polarized and politicized this redrawing has become more important and more contentious.

Which brings us to Texas. We know the President is always watching the polls. In fact he is always watching the television. When poll numbers come out that make the November midterms look unfavorable. He knows without control of the House his agenda falls apart. He panics. He loves executive power, frankly just power. He calls Texas Governor Gregg Abbott. He says, let’s redraw Texas now. This way they can secure an additional 5 seats in Congress and secure Republican rule. Plain and simple this is power at work. Governor Abbott appearing very weak, simply rolls over and does the Presidents bidding.

The follow up will be felt in California and New York. California Governor Gavin Newsom has been quick to respond. Partly because he sees that he has to and partly because it affirms his own Presidential aspirations. This could also spill over to New York. The danger seems obvious. A domino effect of states redistricting to favor one party. We could rig a system of Blue only states and Red only states. It would be the beginning of the end to American democracy. Going by current electoral map it would put Blue at 276, so a razor thins margin. For those counting you need 270 to carry house. This however is not a world we would want to live in. It would lead to loss of freedoms. It is also the delicate balance of how much do you want to empower the states versus the federal government.

The ego of power has been a human weakness for centuries. At its roots has been the desire for a man to rule over the lives of others. To determine what there purpose shall be. What their opinions shall fall in line with. To determine their level of happiness. To determine their fate. To embolden the cult of personality. Yet time and time again someone or some group figures out how to manipulate the general population into complacency. Right now in the US it seems as if we are just watching. There are few protests. A lot of social outrage, but this has not led to any action. In America we are complacent. We are very individual. As long as something does not interfere with our daily lives, we take little notice. This is how dictatorship works. It loves silence. Enrage your supporters. Hitler did this to perfection in his run up to absolute power in Germany. Though those supporters may be in the minority, they seemingly capture the day.

This is a moment, frankly there have been many of late, of what do we stand for as a nation? The President takes an oath to the Constitution. Our military swears an oath to the Constitution. In our current environment there seem a strong desire to skirt the Constitution. In order to appear to get things done we bend the rules. In recent times that has been through the executive order. The effort to redistrict is not about democracy but a plain and simple power grab. Yet most of the public remains silent. Silence has consequences, I am not sure when the country will wake up to what is happening in America. If and when it does will it be too late? Redistricting used to be a procedural process but over time has become a political one. If we turn a blind eye, the America we wake up in will be very different. It will not be the one we have known.

Good Night and Good Luck

Hans Henrik Hoffmann August 29th 2025

The Russian Play

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Russia is a country steeped in its own history. Having been part of Europe but never really being adopted into Europe. Perhaps this could be a simple geography question as most of Russia is in Asia. Peter the Great pushed for a more European Russia. If you read Tolstoy’s “War and Peace” you will remember the Russian aristocrats when together spoke French. However, calling Russia part of the European fabric would be a stretch. We had the cold war which led to the creation of NATO. This literally created a wall aka the Iron Curtain. Since the collapse of the Soviet Union, we initially saw closer ties to Europe. Over decades, these relations slowly declined between the two parties. The biggest reason was Russia’s return to its roots: dictatorship.

Vladimir Putin has cemented his status as the central figure in European power plays. For over two decades he has been the only figure that mattered when discussing Russia. Having read several books on Putin it was an unlikely rise to power. A failed KGB representative decries the collapse of the Soviet Union. Through sheer will, he then emerges as an unlikely successor to Boris Yeltsin. At first new and uncertain he has used his KGB training to his benefit. Those in Russia who oppose him are imprisoned or murdered. Funny how so many who have gone against him have jumped from high rise balconies or windows to their deaths. Yet Putin has continued to believe Russia is a great power worthy of global respect. It really has only two things. A large nuclear arsenal and oil. But the age old desire for power and building an empire continues on.

Putin has put this plan into practice. Seizing the Crimea from Ukraine and watching the world do nothing. This only emboldened him. Then on February 24th, 2022 Putin tries to press his luck and invades the Ukraine. What was supposed to take 2 weeks has now run over three years. He has played the long game and roped allies like North Korea to help in his battle. Purchased drones from Iran. The Russian military thought to be one the world should fear has been abysmal. At times behaving more like Huns than a well oiled military machine. Drinking, looting and raping along the way. To Ukraine’s credit they have fought the good fight. They have had to play rough with politics as the US government cannot seem to make up its mind. This extends across Biden and Trump. In war you cannot have constraints and yet the US put a lot on Ukraine.

Now there is talk of peace. Donald Trump thinks he is leading the peace negotiations. But his statements show he is but the puppet. Heading to Alaska it was all about getting a cease fire deal with Russia and Ukraine. Now it’s a peace deal. Russia gets territory they do not even control. Ukraine will also be barred from NATO. This is almost Putin’s dream deal. What he would prefer is a complete surrender and control of Ukraine. He would have access to precious minerals and the black soils of Ukraine. The President looks weak. He seems to change direction on a daily basis. Being a transactional President he lacks core values. He wants a Nobel Peace Prize he just does not want to put in the work.

None of this is surprising coming from Putin. He has pushed his luck time and time again. Knowing that the west will do anything to avoid war with Russia. He took over Crimea. Got some sanctions and a warning. Now he pushed into Ukraine and actually may come away with something. What next? The Baltic States? Though obvious Estonia, Latvia and Lithuania are part of the NATO alliance. Any attack would trigger Article 5. Which raises the question would Trump adhere to it? He has been skeptical in the past of supporting Article 5. Which makes it all the more tempting to Putin to try and push his luck.

There is blame to go around. The NATO Alliance has becomes too dependent on the US for its defense. They were having trouble even getting to 2% of GDP for defense spend. Now some are pushing to go up to 5%. What the rest of NATO has lost is time. They need to build up their defense industrial complex. Building industry takes time. The US is an example. It offshored all its semiconductor industry. Now, it realizes it has created a security threat. Semiconductors, which are in most everything, are manufactured in Taiwan. One thing that concerns be is the destruction of alliances. It is a big world and only the naive choose to go it alone.

In the current round of negotiations it is hard to see a successful end game. Peace will only leave resentment. Zelenskyy faces a difficult political task. His main and most important ally, the US, cannot seem to make up its mind. Trump is likely still angry. Zelenskyy would not help him fabricate dirt on Hunter Biden. This was for Trump’s failed reelection campaign. Grudges bare no fruit. Putin is doing what Putin always does, buys time. In the end if Ukraine cedes territory to Russia, it will be perceived yet again as weak. Weak being the western democracies, which includes the United States. Pursuing peace at any cost comes with a price.

I expect Trump to give Putin a victory. It was apparent in Alaska when the red carpet was rolled out for Putin. It was apparent when after meeting Zelenskyy and NATO allies Trump had to immediately call Putin. The leash is on and Putin is holding it. This will be a pivotal moment for Western Europe. In history they have battled Russia many times. Yet this has been dormant since the end of WWII. Though NATO has been one of histories great alliances the group was overly dependent on one: the United States. Now it will be up to the rest of Europe to rise up and face Russia, perhaps on their own. The United States is no longer the dependable ally it once was. Our own system of leadership changes every four to eight years has a limit. The difference in foreign policy between Democrats and Republicans was manageable for many decades. The changes made by each admin were small. In today’s America that is no longer the case. The changes in attitude are dramatic, perhaps no conflict has surfaced this more than Ukraine.

Sacrificing global leadership was not supposed to be easy. But in a administration focused on America first it is happening quickly. In the Trump world he believes the American economy is the gold standard. Which is why his tariff fantasies may work in the short run. But he does so at the cost of not understanding geopolitics. Alliances do matter. They mattered in WWI. The mattered in WWII. They mattered in the Cold War. Yes they were expensive. It was not a transactional deal. But they pushed the world toward peace. Dictatorship’s do not have a good history. Looking to dictators to solve world problems and building lasting peace will not succeed. Putin knows this. Trump proudly does not read. He will learn the hard way and the world will suffer because of it.

Good Night and Good Luck

Hans Henrik Hoffmann August 19, 2025

The American Dream: Why Homeownership Is Out of Reach

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It seems a common conversation in America is the rising costs of living, in particular housing prices. A large part of the American dream was built around the idea of owning a home. The images were clear, A husband,a wife, 2 kids in a comfortable house. Television show like “Leave it to Beaver” justified this dream. The wife of Nobel Laureate Andrei Sakharov, Yelena Bonner noted this. In her book “Alone Together” where she traveled through parts of America, she said “In America, everyone wants a house”. It was said more as an entitlement. However something has changed in America and it is not for the better. The dream is no longer within reach.

The average age of first time home buyers has risen. In 1991 the average age was 28. In 2024 that has risen to 38. When my wife and I bought our first home (and only home) in 1995 I was 29 and she was 31 (cradle robber). The median cost for a home in America is $426,900. However in many metropolitan areas it is much higher. Seattle $853,000. San Francisco $1.2 million. Salt Lake City $572,000. Los Angeles $967,128. Dallas $440,500. The list goes on and on. Yes there are places that are cheaper like Dallas and Charlotte ($428,000). However you need the right job to save enough money to put a down payment on a house. In recent jobs I have had I have had co-workers under the age of 30. I have heard multiple times the belief that they will never own a home. When prices are increasing at a clip faster than wages it is hard to get ahead. Back to my first house, We paid $159,000. We put around 20k as down payment. Our house is paid off. The house is now essentially capital for our retirement. It may also be a home for one of our three children.

Gentrification is the process where a neighborhood transforms from low-income to higher-income due to an influx of wealthier residents and investment. Seattle, my home town, has seen this occur. The central district was Seattle’s black neighborhood. Over the past couple of decades it has transformed, it has shrunk. As housing prices increased and there was more demand for homes in Seattle, the homes in the Central District increased. I have always viewed this as capitalism’s natural progression. Though the owner would seemingly seem to make out financially well, they now have to find a new home. The question is where? You have to look out and away from the city. When a old neighborhood disappears only memories are left.

Capitalism is pure. I will give it that, but it is not perfect. It was never designed to be. It is a winner take all system. I do not know ratio of winners to losers, but in America we have our 1%. They have financial wealth and with wealth comes power. Everyone in America knows we suffer from disparity. A few at the top living high on the hog. While those at or near the bottom receive capitalism’s offspring: suffering. We are a wealthy nation, but too often turn our heads from a problem. We see the problem but cannot solve it unless we make a profit. Capitalism’s curse has always been the bottom line.

In the book “Nomadland” by Jessica Bruder, Bruder takes us on a journey. She adopts the life of those who live in their car or van. She has her own van called “Van Halen”. RIP Eddie. Living among those displaced from society she travels the country. Living in her van in the hot summers and cold winters. She gets to know those she shares the road with. All with their own background story. All of them, as they like to say, “houseless”. It seems it is a statement on the status of America that there are so many people displaced. Either houseless or homeless. In 2024 it was estimated that there were 771,480 people who experienced homelessness. The highest number since records began. How does this happen in the worlds wealthiest economy?

There is no solution in site for our housing crisis. As a society I believe we lack empathy. Over time we our happy to discuss a problem, we just do not want to pay for it. We have become complacent. But now more in folklore the American dream of home ownership is still remembered. Not fondly but with a passing of time, distantly. Too many Americans are being left behind in a world that is ever increasing in technological know how. America is a tense society. If was David Pilling who said in his book “The Growth Delusion”, it is not about the economy stupid. It is about happiness stupid. Much of the American dream of happiness has been about owning a home. Of building memories in that home. Those dreams have become remote as the cost of housing has made American dreams unachievable. Dream don’t always come true. In fact they may just be out of reach.

Good Night and Good Luck

Hans Henrik Hoffmann August 15, 2025