Quote:
Originally Posted by Nouvellecosse
Yes, orders of magnitude better, even if one doesn't agree with all individual decisions. We can't make much of month to month changes since there's a lag time in economics, but for one, they're less prone to pitting different "little guys" against one another. The age old "they're terking er jeeerbs!" rhetoric while ignoring the much larger effects of supply-side economics and the corporate race toward the bottom strategy has been successful at devastating the middle class over the decades. Though it's important not to ignore the difference between red and orange as the red part is former is much more corporatist than the latter.
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If there's been something devastating to the middle class in the last decade, huge property price appreciation and rent inflation has been it. I recall middle-class neighbours raising four kids in a bungalow in the 1980s and 1990s. Seems but a dream now for anyone below the upper-middle class in all but the cheapest locales.
I care not of the colour of the political party, nor their ostensible party platform. That's partisan —, and if Team Orange abets Team Red's corporatism, they wear the stain of it too. If government is so blind to their own failings are to make Team Blue appear the better option (see my cynicism on Team Blue's pitch in my previous posts), we deserve what we get.
Oh, but the housing price appreciation felt so good and the cost of screwing over the future wasn't felt at the time. Until we had to keep it up, because we'd built a little scheme. In keeping up the scheme via high immigration, we traded away the pressure release valve of ordinary times. One might lose their overleveraged house, but they'd at least land with somewhat affordable rent. Except that option's gone in many places. Lose the house and get hosed on rent. Proper screwed, with no path forward.
Pressure comes out somewhere. I like safety release valves personally, but watching things go 'Bang!' in ugly ways is fun too.
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