Considering how crazy expensive accommodations have become the last couple of years, concentrated in the hands of greedy corporations, landlords and how little politicians seem to care about this problem, do you think we will ever experience a real estate market crash that would bring those exorbitant prices back to Earth?
Maybe you’re right, but it’s also possible that people in those places have been living with those conditions all their lives and it creates a kind of apathy. If you take away everything from people who thought they’d have a kind of middle-class future, we don’t quite know what that looks like yet. I suspect it won’t be exactly the same.
The younger generations today are already giving in to that apathy.
We’ll see what happens then. Apathy and despair is one possible combination. Anger and despair is another. They have very different results.
How many teenagers and twenty-somethings do you know? Do they seem angry or apathetic?
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I think history is a better indicator of where human nature can go rather than current attitudes and trends.
there is no smartphone , video games and internet in the past, so people get angry easily
Great point. Historically life was orders of magnitude more difficult than today. There wasn’t food banks or welfare. There wasn’t computers and phones and cheap weed and alcohol to keep folks occupied.
Average people could stand a chance against a current military with just numbers.
Zero of those things are true today, so historically there is zero chance of a revolution today.
Again, really great point.
Plenty of countries in the ME have already gone through this. Iran & Lebanon used to have a nice and solid middle class and damn free societies compared to what’s there now. And all that within just the last century.