Capitalism in Britain is broken and needs urgent reform because it is leaving young people worse off than their parents, the Archbishop of Canterbury has said.
But then a belief in consubstantiation is a requirement for that particular job, isn’t it?
The belief that the young are worse off than their parents is equally untrue. It’s bollocks quite frankly. A result of gussied up statistics and a refusal to look at consumption, the only economic outcome that actually matters.
Just one teenie example. Someone in their 20s today, their parents would have been born in the 60s. We have the concept today of fuel poverty, can you heat the whole house to a certain temperature on less than 10% of income? If not, you’re in fuel poverty. In the 1960s, being unable to heat a house in that manner was called “normal.”
And then there’s the manner in which CPI overstates inflation – makes a hell of a difference some 1% a year over 40 years.