Governments get elected by increasing perceived living standards – how rich we feel we are.
For the last 30 years they’ve done this by encouraging us to buy more and more crap through debt – mortgaging council houses to ‘get on the property ladder’, replacing student grants with loans, and massive expansion of credit and store cards.
Now the economy is finally readjusting to take account of our massive public and personal debts, a generation is finding they can no longer afford the material goods they’ve been led to believe they have a right to. And they’re angry.
Doesn’t anyone GET IT?
(We really need to rediscover ways to measure and value our worth and happiness other than the size of our TVs…)