I’m desperately hopeful that the new PM will address this.
A mammoth undertaking.
I’ve read that he is aware of economic rent and understands it.
If it doesn’t happen the future of our youth is doomed.
In my optimistic dreams he has read the Art of War, and is making his plans in secret ready to implement them with the parliamentary majority he must use to his advantage.
I visited the Peoples History museum in Manchester today. Nothing has really changed since Peterloo. Worse perhaps. The working poor struggling to survive whilst someone buys the new Ferrari Luce for $40M. The irony being that some will admire and aspire to this.
That mirrors what is happening to my own family. Our five children all have mortgaged houses and a standard of living possibly above where we reached. Between them they have 15 aspirational grandchildren and the first are emerging from university. Three have decided not to go university and are working through apprenticeships or similar but law students have already discovered that junior solicitors have been mostly replaced by AI and can't yet find a job. Unless we solve the Rentier black hole they could become very frustrated and a potential source of political rebellion when they wish to marry and start their own family.
Exactly, this country didn’t stop producing talented people, it has now simply priced them out of what we have come to expect, that effort is rewarded and life should improve over time.
When effort is not rewarded, and expectations are disappointed we get a grievance, and the way that grievance is exhibited ranges from voting for Reform even if you know they’re bad, simply for a change, up to insurrection and political violence.
All without noticing what has truly generated the grievance.
I think given what’s happening now in Uk politics, no one seems to be noticing the core complaints and core drivers and that will lead to more failures of government, more division and probably more violence I suppose
Great piece Henry. The thought I had in about it is the effect of war historically on previous waves. Not just that it’s a face to target but also that it resets the reference point for the population. ie We’re at war now so things won’t be like they were.
I’m desperately hopeful that the new PM will address this.
A mammoth undertaking.
I’ve read that he is aware of economic rent and understands it.
If it doesn’t happen the future of our youth is doomed.
In my optimistic dreams he has read the Art of War, and is making his plans in secret ready to implement them with the parliamentary majority he must use to his advantage.
I visited the Peoples History museum in Manchester today. Nothing has really changed since Peterloo. Worse perhaps. The working poor struggling to survive whilst someone buys the new Ferrari Luce for $40M. The irony being that some will admire and aspire to this.
That mirrors what is happening to my own family. Our five children all have mortgaged houses and a standard of living possibly above where we reached. Between them they have 15 aspirational grandchildren and the first are emerging from university. Three have decided not to go university and are working through apprenticeships or similar but law students have already discovered that junior solicitors have been mostly replaced by AI and can't yet find a job. Unless we solve the Rentier black hole they could become very frustrated and a potential source of political rebellion when they wish to marry and start their own family.
Exactly, this country didn’t stop producing talented people, it has now simply priced them out of what we have come to expect, that effort is rewarded and life should improve over time.
When effort is not rewarded, and expectations are disappointed we get a grievance, and the way that grievance is exhibited ranges from voting for Reform even if you know they’re bad, simply for a change, up to insurrection and political violence.
All without noticing what has truly generated the grievance.
I think given what’s happening now in Uk politics, no one seems to be noticing the core complaints and core drivers and that will lead to more failures of government, more division and probably more violence I suppose
Great piece Henry. The thought I had in about it is the effect of war historically on previous waves. Not just that it’s a face to target but also that it resets the reference point for the population. ie We’re at war now so things won’t be like they were.