Saturday, October 31, 2009

Dependent adults - victims or spoiled brats?

Read this article.

And here is my view. They are the results of the failed capitalism and false prosperity (build on asset bubbles) of the past two decades.

Asset prices went up too high. The current generation is affluent. But the next generation cannot afford these prices. And their earnings will be low - due to globalisation, international competition and other reasons. So, they have to depend on the generosity of their parents.

They are not spoiled brats. They are placed in an unfair world. This is largely the fault of the previous generation.