In other words: everything to do with economics is worse and everything to do with the inexorable march of progress is better. Yeah sorry but no shit. Technology has progressed since grandpa's day.
"TVs are better and cheaper" is not a useful counterpoint when discussing the economy of the 2020s.
You’re being myopic. Yes, TVs being better and cheaper isn’t that useful. But ACs, dishwashers, washing machines, beds, cars… etc. are all useful counterpoints when discussing the economy and these are impactful. And beyond the normal big ticket items, smaller items (thank China and Walmart) are cheaper. And that adds up. Lamps being cheaper doesn’t seem like much but add that across all the furniture in the house.
1990s cars aren't any more prone to rust than cars now, the rust is just hidden under the plastic panel. That plastic panel isn't doing any of the work of the frame though. Shit and gilded shit are both piles of crap even if one looks better at first glance. Especially when you consider how much thinner modern car frames are which means there is less to lose before failure, assuming the electronics even last that long.
No matter how many billions you have in the bank, you cant get a better netflix subscription, TV, or iPhone than the normal person. This is the 'march of progress' you speak of. The things people wanted and coveted most have been squashed to a market value most people can just afford, and then subsidised with credit plans to make them affordable by all.
This is the basics of modern economies. It is not separate to technology progressing. The technology progressing has become the foundation of all modern economies.
In what sense are movies a "luxury market" and in what sense have they not been "commoditised" (as per your definition) for 100 years...? Seriously, your answer to a conversation about an economy that squeezes the middle-class and serves more and more the ultra-wealthy is "but netflix"? Uninteresting conversation.
Netflix is a terrible example, it’s cheap entertainment for the masses. Why would a billionaire watch Netflix when they could get front row and/or box seats to any sporting event or concert in the world and fly there via private jet.
Who cares? It's probably not better than a TV anyone else can afford and why would a billionaire need a folding tv in one of their 24 room homes?
The fact that you can buy a 72" tv for less than $1k now is nuts, and I assume there is no secret HBO with higher quality content only for billionaires, they still have to watch the same shit as us, and there is some good stuff out there, even on Netflix (maybe not a lot, not anymore). Even rich people sometimes want to sit at home and just watch TV, it takes a lot of energy to go out to something every night, even if you can. I used to go to concerts every week, sometimes several, now it's far less as I get older and it becomes more draining. Box seats are not very good seats and if you get good seats you are still surrounded by other people that will ruin your time.
I'm not rich, but there isn't much that I covet from rich people, because they really don't get that much better shit than we do anymore, they get more "luxury" and convenience and opportunity, but they still have the same technology as us, and it still sucks. 20 years ago, they had things we would want and could never afford, now the gap has shrunk considerably. They can pay 100-1000x for 1-5% quality gain on what a regular consumer can buy.
It's 2026, so 20 years ago was 2006, and the biggest one that comes to mind is smartphones. The iPhone wouldn't launch until 2007, but the Blackberry existed, but was just very expensive. Of course it didn't have the same apps as we have today, but that was definitely something for rich people that we now take for granted. GPS navigation was also very different 20 years ago. The rich had $500 Tomtom computers for directions while everyone else was still printing paper maps. Photography was still a high end thing. An iPhone shoots better photos more easily than something from 20 years ago. A giant flat screen TV in 2006 was very much a rich person thing. Now that's like $400 at Costco. Video calling wasn't a thing in 2006 for a variety of reasons, but the equipment being expensive is the main one. These days there's a half dozen apps I can use to talk to someone on the other side of the planet. On yeah, in 2006, calling long distance was still kind of a thing. Translation is another one, Google translate came out in 2006, so just right at the cut off. Before that, a foreign language was just that, foreign. Today, I can whip out my phone and it will overlay my language in my camera view instead of hiring a person. Recording studios took a hit. A million dollar recording studio in 2006 is now a MacBook, some software, and some gear. Making music used to be expensive! Smarthome shit was stupidly expensive in 2006. I think most people still don't have that stuff, but it's much more accessible today vs 20 years ago to be able to tell Siri/Alexa/Google to turn off the lights.
Oh yeah, having a driver was very much a rich person thing in 2006. Now that's just called having an Uber account and it's nothing special. (Although if you have Zoox or Tesla Robotaxi access it still is.)
The access to information out there is stunning. The visuals for the Straight of Hormuz in 2006 would have been far more limited to rich people who actually needed that information. Today there's a dozen vibecoded play-by-play visualizations of the entire conflict.
Plenty of people could afford blackberries in 2006. Having uber is nothing like having a driver. A MacBook replaces about $50k out of a million dollar recording studio. The rest if it still costs pretty much a million dollars.
I’m not even sure what my point is.
Being a billionaire was never really about having stuff. It was and is about having power.
Plenty of rich people, that is. Having Uber is at least something like having a driver. I'm not rich enough to have a driver though so you'll have to tell me how that's not actually like having a driver. As far as a million dollar recording studio goes, the studio itself, the rent on the building, the sound isolation, sure, that's still expensive, but you can send a picture to ChatGPT and as it where to place the microphones where previously that would thake you knowing a sound engineer or $300/hr to be able to ask them how to mic something.
Point is, information wants to be free, and that sounds stupid because the world's changed since, but, like it or not, ChatGPT (et al) is, and has already changed the world. There's no putting that genie back in the bottle, all we can do is adapt.
You're dense. Likelihood of military service - way down. Widespread diseases like measles, tuberculosis and polio - gone. Number of people lifted out of poverty is in the billions since 1960s (economics). Access to credit - massively up (economics). Commercial air travel affordable to virtually anyone (economics). Abundant, clean, healthy food available to almost the entire world (economics). Government-insured bank accounts (economics). Tax-advantaged retirement investment opportunities (economics). You can also look at civil rights, access to justice (small claims court didnt exist in many places when this dude's grandpa was young), college participation...
"TVs are better and cheaper" is not a useful counterpoint when discussing the economy of the 2020s.