The end of upward social mobility as we once knew it

Work hard, expect few perks and forget about having a home and a family before 40: that's the new reality for the middle class. Housing is no longer affordable for those who were born with a plastic or Swedish stainless steel spoon in their mouths. The outcome is, as Klaus Schwab so correctly puts it, a more angry world. Why would you defend a political and economic system that doesn't work in your favor? But all actions taken since the pandemic have only exacerbated the problem, like expansionary monetary policy. At least this interview with my friends from GoldRepublic can be indulged free of charge: the end of the social contract.

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