Comments on: How long much longer will people just take it? https://www.golemxiv.co.uk/2010/02/how-long-much-longer-will-people-just-take-it/ Author of THE DEBT GENERATION Thu, 06 May 2021 15:39:05 +0000 hourly 1 https://wordpress.org/?v=6.5.2 By: Lars Mørk https://www.golemxiv.co.uk/2010/02/how-long-much-longer-will-people-just-take-it/#comment-78 Wed, 24 Feb 2010 14:24:03 +0000 http://www.golemxiv.co.uk/2010/02/how-long-much-longer-will-people-just-take-it/#comment-78 Dear Golem XIV, the question of how long the people will take it, naturally leads into the question of what should the people do once they don't anymore. I vote in favour of an entirely new social contract, where one of the key elements is reigning in the financial sector by any, in absolute terms any, means necessary to ensure that "lender of last resort" is a purely theoretical concept. I suspect that this will entail that people's dreams of making fast profits from transactions in inflated assets, must be killed off. A revolution is perhaps needed, but it's very tricky finding a way to channel people's fury into creative action. That is why your ideas are so valuable. What are your thoughts about the process (revolution?) and the new state of affairs to arrive at "post-revolution".

]]> By: IanG https://www.golemxiv.co.uk/2010/02/how-long-much-longer-will-people-just-take-it/#comment-71 Fri, 19 Feb 2010 19:33:05 +0000 http://www.golemxiv.co.uk/2010/02/how-long-much-longer-will-people-just-take-it/#comment-71 Well, I do feel for all those unemployed having experienced it first hand several times over my working life. I've not dug down into the stats but it looks like the younger folk are disproportionately affected in the UK at any rate. As an older member of the workforce I was convinced (and still am actually) that there is rampant ageism at least in the IT sector. Perhaps they will be the spark that sets off a revolution?

Slightly off topic, I would like to recommend a couple of commentators. One is on CiF as 'TheThunkWorks' who gives a good analysis of how things are. Another is a professional commentator in the FT (which is surprisingly open with views) John Kay. One column that was well written gave an analogy to the banking crisis being like a tailgating driver. They make lots of small gains (getting there faster) but when things go wrong it is a big pile-up. As other commentated they don't even pay for the car or petrol either! Here is the name of the comment to look for from Jan 19 2010.

'Tailgaters blight markets and motorways'.

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