Earlier quoted context omitted.
IMO the issue is not propaganda at all, but real physical problems that are not being addressed. Western governments have been mostly incapable of building housing and infrastructure. We have a severe housing shortage, barely improved public transport since the 80s, a lack of energy production (in Europe), lack of reservoirs, an aging population and increased international competition, etc. And this all creates a hug…
This is one thing that I don't understand, take for example Germany, the population barely grew over the last 20 years [1], at the same time there has been a building boom that building costs have risen dramatically (more than doubled between 2010 and 2024). Compare that to the 60s and 70s where population was rising much faster in combination with the rebuilding effort. So is the growth of housing stock lower than t…
This means that the working class had immense wealth and so simple jobs could support a family on a single income, buy a house, etc.
Compare that to today — the two richest families in Germany hold more wealth than the bottom 50% COMBINED.
It is no wonder that normal families cannot afford to buy property anymore; and are forced to rent. This further exacerbates the wealth gap.
Another nice statistic is the productivity VS wage VS pensions curve: https://substackcdn.com/image/fetch/$s_!KDug!,f_auto,q_auto:...
(Black line - GDP, blue line - avg comp; red line - avg pension)
In short - the productivity increased; but ordinary people are being squeezed out of the gains regardless. No wonder that everyone turns sour at some point.