> In the UK, for example, there's a well documented trend of pubs and clubs shutting as business declines.
Just to be clear, this is a sign of a cultural shift. Pubs are an old English tradition that people aren't interested in as much anymore. They would rather go to a sushi restaurant or go get curry. Same thing has happened with fish and chips shops.
Pubs and clubs are declining due to a cultural shift amongst the young. Alcohol isn't cool for the younger generations and a larger cohort of young people can be found in the gym and running around than ever before.
If I was an investing man I'd stick all of my money into Garmin, running shoe companies, gyms and the like.
It absolutely is not. It's very concrete and is a real problem.
In the UK, for example, there's a well documented trend of pubs and clubs shutting as business declines.
And this has real world impacts or causes, the number of people who are single is rising substantially: https://archive.is/kyk2L
This isn't rationalizing personal loneliness as a societal ill. It's noticing a societal ill based on real world effects.