The Daily Telegraph foresees a grim future

[darksumomo]

Middle class families face a triple whammy
Falling pensions, cuts and the banking crisis will impoverish many families, says Edmund Conway.
By Edmund Conway

You don't usually expect radical neo-Marxism from the International Monetary Fund - the last great bastion of capitalism, spreading the gospel about the free market to the furthest reaches

Comments

[nebris]

That is a pretty 'revolutionary' piece for The Tele. But shit is off the hook and circling the drain and the new lot at 10 Downing are shoving it in harder and without a drop of lube.

~M~

[cieldumort]

Excellent article. So true.

[poetpaladin]

I may disagree with some of the assumptions of the author, but still this was a most excellent article that points out many of the problems. There are parallels to this in the U.S. as well.

[underlankers]

So now I wonder about this irony: the USSR fell because despite itself the Soviet Union created a large urban middle class which no longer benefited from the autocracy and unlike its precursor in Imperial Russia was part and parcel of a society which on the whole was much better educated and less willing to put up with CPSU bullshit.

Where in the USA the Uber-Capitalist policies here have been giving the middle class a death by 1,000 cuts which means that the potential for mass brutality and Jim Crow-style authoritarianism reviving is much stronger now here. Ain't history ironic? >.>