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(Which, for having experienced it, I admit is pretty soul-destroying).
Things are going to slide, slide in all directions
Won't be nothing, nothing you can measure anymore
But poverty is relative: "we didn't know we were poor until the social worker told us". When a night out was take-away chips, and if you were feeling wealthy, fish AND chips you didn't miss the fact that some people, not in your social circle, ate out in one of the few fancy restaurants of the time.
More recently charity workers have been drawing the poverty line at 45 inch TV's - they report that charity recipients won't accept anything less, and broadband will soon become a human right. It is the growth of inequality that is the most pernicious together with rationed access to essential healthcare and educational services. Overcrowding on public transport is the new norm and public housing a rarity.
In the 1950's JK Galbraith invented the phrase Private opulence and public squalor" to describe this growing disparity, and for a time - up to the Reagan Thatcher era - serious efforts were made to to reduce it. It's been downhill ever since.
Index of Frank's Diaries
The Predator State: how conservatives abandoned the free market and why liberals should too is a book by economist James K. Galbraith, first published in 2008. The title refers to how in US society, as Galbraith sees it, public institutions have been subverted to serve private profit: the "predators" being corporate elites. He argues that these corporate interests run the state "not for any ideological project--but simply in a way that would bring to them, individually and as a group, the most money."
The European Union as a servant to private business by demanding competition in public utilities and transport. Did Brussels take it too far?
○ Capitalism has invaded democracy - supercapitalism by Robert Reich in 2008
○ Economics Is Too Important to Be Left to Economists
○ Individual and Institutional Corruption in European and US Healthcare: Overview and Link of Various Corruption Typologies
Global Warming - distance between America and Europe is steadily increasing.
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