Our sins

"We hoovered up housing when it was affordable, then benefited from a massive house-price boom. Rather than saving some of that money for future generations, we borrowed against our assets and spent it all, a big black mark against us when it came to the recent banking crisis and the nation's current ability to invest in its future.Our epic levels of consumption pose a huge environmental threat to subsequent (smaller) generations who will have to support us as we live longer, even though they entered the workforce just as globalisation and cheap labour were pushing down wage rates." (From Fiona Millar's review of David Willetts book The Pinch in the Guardian >>)

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