Life is probably getting worse
November 19, 2010 12:11 PM Subscribe
"Affluence breeds impatience, and impatience undermines well-being." Avner Offer is the professor of economic history at the University of Oxford, and he is interested in the well-being of people and families in liberal market societies. His latest work, The Challenge of Affluence: Self-Control and Well-Being in the United States and Britain since 1950, is an empirical socioeconomic history of the effects that liberal and neo-liberal economics has had on happiness, relationships, and social welfare. Specifically, he argues that Reaganism/Thatcherism catapulted forward the ability to produce new goods and services, and to create the desire for them, far ahead of society's ability to cope. Reagan and Thatcher "smashed the family to pieces;" the result of market liberalism is societies of ever-more dissatisfied, atomized, unhappy communities of dual-worker consumerist families.
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