Comments by "Roger Smith" (@rogersmith8339) on "Brokenomics #1 | Introduction" video.

So much for greed and capitalism!
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@harrytd It rather depends on how you view capitalism - the side that has caused many of todays problems is the one where greed and selfishness has taken over - just look at some of our MPs? In theory, it can reward the hard working and honest, but so can other economic / political "isms".
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And you trust an economist to tell you things like that? I am not sure when your grandfather was working but I doubt he had many of the things we take for granted (ie feel entitled to) today and that would make a big difference to how far his money went. His generation (like my parents) would have been very careful with their money and been prepared to go without many things to ensure their future was good.
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4x2s and capitalism! There has to be a better way?
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@TheJeremyKentBGross Sadly spending other people's money applies to many ordinary people and not just those at the top. Borrowing money for luxuries is part of it and being "bought" by promises of lower taxes is another. Tax rates in the Scandinavian countries are pretty high but so is the general standard of living.
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@harrytd Is mass immigration necessarily a socialist policy given that it provides a source of cheap labour for employers and thus more profit for them. Was slavery socialist?
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Your grandfather must have been pretty well paid as my parents were in much the same situation as him in many ways but we lived well outside of London near Watford. There was no way dad could have afforded to buy a house despite being in a skilled engineering job.
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It seems so odd that at one time, 35 or so years ago, my tiny one bed starter home in Hemel Hempstead was worth 10 times my salary for a pretty good and responsible job (I retired from doing the same job effectively last year on around £45k). The reason average house prices are so high these days is because of expectations and greed.
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