Economic Issue Beyond Generational Blame

The current economic crisis is attributed to the model the West has been following for years rather than being a generational issue. Blaming boomers or millennials is not the solution, as the root cause lies in the model that is no longer sustainable. The world is facing a scenario similar to a vein of gold running out after yielding prosperity, indicating the current economic decline. This crisis, characterized by rising housing prices and affordability issues, is looming without adequate political intervention due to a lack of will. The upcoming wave of populism is expected to revolve around housing rather than identity politics. This shift is deemed as a fast-approaching crisis that will likely trigger political turmoil in numerous countries worldwide during the next five to ten years.