I guess most of you heard about the protests/riots in the UK regarding student fee increases. This has lead many in the public to criticize the students for not "taking some austerity in these hard times" along with the rest of the population. In my opinion, this just means that the real culprits behind the economic crisis are getting exactly what they want - us peons turn against each other, while they continue enjoying their good life funded by the population that is getting screwed.
Similar things go on in many many Western countries, which is why I believe it is important to discuss even if you don't care about the UK in particular.
Let's put two and two together here:
http://www.nytimes.com/2010/12/10/world/europe/10britain.html?_r=2&partner=rss&emc=rss
"Under the new fees, which are to take effect in 2012, many students are expected to accumulate loans of as much as £40,000, about $63,000, during a three-year degree course."
http://www.bbc.co.uk/news/business-11754621
"What's the most we could achieve? Right now the expectation is that banks in the City will pay out around £7bn in bonuses.""
So let's see... An industry which today is only viable due to massive taxpayer-funded bailouts is giving out £7 billion in bonuses to the actors largely responsible for today's crises, while students facing a jobless future are expected to take on large debt (probably owed to these same bankers who will make further profit from it). Divide £7 billion by £40 thousand and you could fund 3 years of education for 175,000 students in the UK.
Do you see my point?
My Mario Kart Wii friend code: 2707-1866-0957