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The point that Rushdie misses at the end of this video is that most people can no longer afford to live within their means.

Most people have no choice but to go into debt in order to maintain even the most humble and unambitious lifestyle.

Most people spend their entire lives in debt because within this system of ours there is simply no realistic alternative.

^That's largely an American problem.

>> ^gwiz665:
^That's largely an American problem.


Well, that's comforting to know.

Where is it different?

>> ^rougy:
>> ^gwiz665:
^That's largely an American problem.

Well, that's comforting to know.
Where is it different?

In Europe where the income for the middle class adjusted for inflation has actually grown since the 80s and hasn't remained mostly stagnant like in America. Hooray for Unions. I know of no acquaintance who is heavily in debt, unless you count mortgages, but those debts shrink instead of grow.

It's not an American problem, the gap between America and Europe has been getting smaller every year, to the careful observer who pays attention.

However the UK has small pockets of places outside the cities where it is still possible to live a simple life.

Ireland and many European cities have now become super expensive to live, bringing people to the point of protest in the streets.

I could point at a wikipedia page that says different, or I could point to 13,000 people protesting in the streets of Dublin.

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