Behind Brexit lies a yearning for a past we destroyed

Was that period perfect? Of course not. Bad things happened, poverty existed, governments screwed up, and there were wars and reversals and crises. But the general trend was for increased wealth, health, life expectancy, security, openness, home-ownership, saving, disposable income, social cohesion, and acceptance of others. In the years since the mid- to late-80s, to put it mildly, the pendulum swung back. Those gains – and for the vast majority of us, they were substantial gains – have juddered to a halt, stagnated, and then begin to slide inexorably back.

Prior to that, wages were high, growth was almost constant, unions ensured jobs were safe, education was free, productivity was strong, healthcare was well funded, and housing was cheap… More here.

A quite brilliant article.

Categories: Articles, Politics

5 replies

  1. Fascinating. Out of curiosity, I just checked our highest tax rates. For 2018, the highest individual tax bracket was 35% for earnings over $200,000 Cdn. In 1960, for the same $200,000 earnings, the top bracket was 91%. Granted that $200,000 in 1960 is worth 1.5 million today and $200,000 today was worth about $26,000 in 1960. Regardless, the highest income earners pay far less income tax. I’m willing to bet that much, if not all, of that article applies to Canada as well.

  2. probably applies around the world. I wonder if the older generations in every other country feel that the younger generations have it so easy?

  3. I wonder if that’s still true. My parents probably thought that my generation had it relatively easy. But there are also expectations. I’m sure my son expected to own a home as soon as he got a job. I don’t know that I thought that my son had it easier than I did. It’s just that many things that were new to me are taken for granted by him. And likewise for my grandkids.

    • Very good points. I tend to worry about the harder bits for my kids; buying a house, overly competitive employment, general downgrading of decency in politics etc etc. I realise that they have things easier than I did; proper heating etc etc, but I still want the best for them and don’t understand a lot of my relatives who seem to feel that everything for them was so hard and that my kids have everything easy. Maybe if they were Canadian they would be more reasonable:)

  4. We’d be apologizing that things were so hard 🙂

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