Affordability has become the political buzzword of the moment—echoed by politicians and pundits across the spectrum. It’s as ubiquitous as a viral TikTok trend and, in many ways, a vital rallying cry. Yet it fails to capture the core of what ails us today.

What defines this era is not just the struggle to afford basics, but the pervasive insecurity that has taken root across all social classes. The unpredictability of modern life has reached historic levels, reshaping how Americans perceive stability and security.

The Roots of Modern Insecurity

For decades, financial hardship has been a reality for many. Today, however, the uncertainty surrounding even routine aspects of life has intensified dramatically. Consider the following factors driving this shift:

  • Immigration enforcement: Workplaces, schools, hospitals, and local businesses like bodegas have become sites of fear, with ICE raids tearing families apart and sending shockwaves through communities.
  • Government instability: Hundreds of thousands of federal workers—once secure in their roles—have faced layoffs as part of a deliberate strategy to dismantle institutions that once symbolized stability. Programs like Medicaid-backed home care and FEMA, which provided tangible support, have been targeted.
  • AI and automation: The specter of artificial intelligence rendering entire professions obsolete looms large, casting a shadow over careers once considered secure.

This is not terra firma, solid ground. Instead, we inhabit terra infirma—a shifting landscape where the ground beneath us feels perpetually unstable.

The Affordability Distraction

While affordability is a useful lens for discussing income inequality—focusing on prices and cost of living rather than systemic barriers—it does not fully address the broader crisis of instability. Affordability frames the problem as one of affordability alone, obscuring the deeper forces of unpredictability and fear that shape daily life.

Economists and policymakers often overlook these “economic-plus” factors—the additional layers of anxiety that come from living in an era where stability is no longer guaranteed. These forces include:

  • Rapid policy shifts that upend livelihoods.
  • Technological disruption that erodes job security.
  • The erosion of institutions that once provided a safety net.

The Insecurity-Industrial Complex

Much of this insecurity is not accidental. It is manufactured and perpetuated by what can be called the insecurity-industrial complex—a network of actors who profit from and amplify fear. This phenomenon has been fueled, in part, by the strategies of former Trump advisor Steve Bannon, who described a communications approach he termed “muzzle velocity.”

“Three things a day—they’ll bite on one.” — Steve Bannon, describing a strategy to flood the media with outrage and confusion.

This relentless stream of manufactured chaos serves a dual purpose: overwhelming the media and keeping the public in a state of constant unease. The result is a populace primed for exploitation—whether for political gain or financial profit.

Silicon Valley’s Role in Destabilization

The past decade has seen Silicon Valley gleefully “disrupt” traditional institutions, replacing them with models that prioritize profit over stability. The consequences are visible in everyday experiences:

  • Retail environments now feature dynamic pricing, turning routine purchases like coffee or eggs into gamble-like transactions.
  • Prediction markets, such as Kalshi, have turned public uncertainty into a commodity. Founders Luana Lopes Lara and Tarek Mansour are now billionaires, according to Forbes, profiting from the very instability they claim to predict.
  • Anthropologist Natasha Schull of New York University describes these platforms as “making everything into a set of binary choices”, offering a false sense of control in an unpredictable world.

These developments extend beyond individual transactions. They reflect a broader trend: the monetization of fear. From inside traders leveraging government instability to corporate forces capitalizing on public anxiety, the insecurity-industrial complex thrives on chaos.

The Human Cost of Policy Volatility

At the heart of this complex are politicians who stoke division and engineer volatility. Take Tara Fannon, a longtime research director whose work has intersected with nationalist movements that champion policies leading to mass layoffs and economic upheaval. Her influence, alongside others, underscores how political agendas can directly contribute to the erosion of stability.

This is not merely a matter of economic policy. It is a crisis of human security—one that demands urgent attention and a reevaluation of the systems that prioritize disruption over stability.