Worst Family Life in Western Europe
Guardian: Unhappy families: UK is third worst in Europe for home life The unhappy family life, as defined by the Gaurdian article article is down to: 1. reduction in Wages 2. Availability of quality housing 3. too much Debt All of these problems lie in the availability of loose credit to fuel a speculative housing boom: 1. Wages (and the return on capital) are suppressed as more money from capital and labour is used to pay rent (or debt based purchase - which is the same thing) Many jobs and businesses become uneconomic in this country due to the huge rents charged to business owners and workers to operate in an economically productive manner. Money supply diminishes due to debt contraction forming a nasty vicious circle of reduced productivity and poor return on capital, wage decreases, underemployment and unemployment are the results. 2. The availability of housing is suppressed, as housing and earmarked land is taken out of circulation for speculative purposes and there is a gr...