A global recession is on the horizon - please read OP for mod warning

you really think the society is better now? Maybe gay rights

Everybody's rights.

Well said. I don't think the government have any idea how much anger is out there at the state of the rental/housing market. Some people will be wishing a recession in order to change the situation no matter the other consequences.

...once again, the argument isnt about the 80's being better than now, it certainly wasnt in many ways, i know, i lived it myself, and amongst fairly serious poverty at that, thankfully my family was reasonably well sheltered from it, but i definitely seen many neighbors in dire straits, and many still area, possible even worse...

again, wealth inequality is now far worse, which means its now becoming impossible for many people to meet their most critical of needs, most evident in property, i.e. access to education and training is now far easier, but even with that, securing property needs is now rapidly declining, with no clear solutions in place

yes, employment is definitely far more abundant now, but the quality of a lot of that work is actually very poor, and arguably rapidly declining, particularly in relation to pay and conditions, compared to the cost of living, labour markets has now been suppressed so much, we re now experiencing a rapid increase in people unable to meet their most critical of needs, yet also experiencing a rapid growth in wealth, hence leading to a rapid growth in wealth inequality. we ve effectively taken one step forward but two steps back

There needs to be a drastic reset in how we do things economically. We really do need to abandon this neo-liberal boom and bust faux economics approach where bubbles are allowed to form and then pop, leaving only those with enough wealth to weather the storm until the whole nonsense starts again, while the rest have their lives shattered and have to just get by.

Prices keep getting jacked up and up and in the space of just 15 years we're back to where we were in 2008. The Putin/Russia thing is just the icing on the cake, because prices were going up before he started his little crusade.

It cannot keep going like this.

I got the gold right here Pa

rapidly rising wealth inequality is a very complex thing to explain and understand, i still struggle with it myself, but i can certainly see it in action, i believe us humans feel it more than actually see it. humans tend to feel this effect in rising levels of anxiety and stress, which tends to lead to rising levels of whats called 'maladaptive copying strategies', i.e. dysfunctional social behaviors etc etc etc.

again, yes work conditions were very poor in the 80's, but the difference in pay and the ability of people being able to afford their most critical of needs such as the security of property werent as much as they are now. for example, as you said, many of your friends were forced to leave the country during the 80's, in order to provide themselves with their needs, i suspect many of those eventually were able to do so, i.e. were able to eventually purchase their own homes, even though this was extremely difficult for most, it more than likely eventually happened for most. we re now in a situation whereby a growing number of people, particularly younger people, are now unable to do this, the difference between pay and the actual cost of doing so are simply too great, and it doesnt matter what they do, or dont do, many simply may never be able to. this is exactly what rising wealth inequality is and does.

again, completely agree, our housing situation is a complete basket case, and sadly, this actually was foreseen, countries such as america have been dealing with this long before we have been, its been clearly obvious for decades now, that our approaches to property were going to fail, at the height of the previous crash, it was actually known that the dublin region was quickly running out of availability, while most of us were talking about ghost estates!

we have no clue whats going to occur, in regards inflation, many seem to be stuck into thinking current inflation is similar to the 70's, yet our world is now radically different, and both eras are now no longer comparable, baring in mind, current inflation is more so due to supply and energy shocks, and the fact since the 70's, we have flooded the planet with primarily credit based debt, the methods used to control inflation in the 70's/80's, raising rates, more than likely will fail. the most likely outcome of this approach is the increase in defaults, in both the public and private domains. baring in mind, all of our most critical needs and now in rapid decline, i.e. our property needs, our health care needs, and of course our environmental needs. a rapid increase in investment, particularly in the public domain, is currently needed to resolve these issues, but we re now in the process effectively of declining, and rapidly in many ways, i.e. we re effectively going in the wrong direction.....

you seem so sure of this correction, but wheres your evidence to support this? we ve known about these issues for decades!

again, we ve known about our property problems for about 15 years, and the situation has rapidly deteriorated!

yes, there will more than likely always be wealth inequality, but again, history shows, when it gets to a certain level, society snaps, and we tend towards serious conflict and wars, this is potentially where we are now!

no idea why you mentioned communism, but fair enough, a communist structure certainly sounds like pure hell to me, and i dont envisage it at all, i certainly hope we dont go down that road, we must stop tending towards extremes, it tend towards mayhem, as what we ve currently done with capitalism. we clearly took the wrong turn with it in the 70'/80's, and now we re in deep sh1t, i believe we need to take another radical turn with it, away from where we are now, i think it can be done, we have the abilities, just not the will, we seem to be stuck

id love to see your set of metrics, cause mine speak a radically different story!

is it really! have a good look around the world, and ask yourself, are we stabilising, or destabilising, particularly, politically, economically, socially and environmentally?

we have probably moved on from old methods of expressing anger, and creating new methods, be prepared, its very likely something is just about to pop, globally!

exactly my points! we re now fcuked! you may now forget about social mobility, be prepared, for something!

....but only those that can afford to buy, will, savings also only represents savers, none savers are not represented, but still require housing, but are probably growing in numbers....

Nah, don't see any western democratic country going full out war with itself TBH.

Putin and other "strongmen" basically whipped the West into a frenzy the past decade with him stoking identity politics bullshít, when the full horrors of Ukraine are laid bar there will be no more tolerance for that fúckery, it's already started.

Again that comes down to individual people not allowing themselves to be so easily manipulated.

Ireland is a prosperous, safe, country, unidentifiable from a generation ago who have no sort of divisional politics, even if SF get in, the move to the centre will be swift.

Yeah, there is problems and they shouldn't be diminished, but if you were to believe the constant amplified constant negativity, we are all unemployed, hungry and homeless on the verge of civil war.

I think of all countries we have had our fill of war.

My sister and her hubby managed to buy a three up, two down, in the 80's and all on his wage from a tyre factory job

You don't have to go back that far all, 110% mortgages been offered not so long ago.

You don't have to go too long either where the average wage would have got you some cracking properties.

We are at time now that correction is needed, probably will be overcorrected and then undercorrected and round and round we go.

I imagine your brother in law worked damn hard for his wage without the "normal" luxuries until he could afford them.

I also imagine the tyre factory fúcked off to some low base developing country at some stage?

The point is that all that was possible in the 80's on a single modest wage. It's not possible now

And my point was up until relatively recently it still was. And still is TBF depending on flexibility.

It's different now though, by design and by unforeseen circumstances we have a supply issue, it is very much a sellers market which is being whipped up by frenzy too by the way, some way say they are due it though.

Bertie actually had the solution 20 odd years ago, decentralisation, it didn't go down well, apparently people thought we were China and not a tiny island you can drive the four corners of in half a day.

One good thing stemming from the pandemic is decentralisation is not only possible it's now preferable.

We have a great opportunity here, hopefully we don't fúck it up, but we probably will.

Accenture have deals with landlords to put their people in accommodation. I'd imagine some other mncs do too.

Violence is coming over this, soon, and it's the architects of this con job that will be to blame for it

When like?

I hope that we have people engaged in rapidly exporting baby formula to the US. They have an emergency shortage and if there is one thing Ireland has a glut of , its dairy. We should be making deals there I hope., it would be nice to get a long term deal.