It was nice to see that you used the UK as a case study. The reality of this situation is that it might even be more in places like Nigeria where the major cost of living crises, is the inability of government to spot the loopholes and make the right economic policies. These boils down to the fact the government and the parastatals involved lacks governing skills and the main reasons why they're in power is the ability to lobby people into voting political parties rather than competence. This incompetence caused by the ruling class is why there's lack of unemployment and the of course the inflation rate is so high that people earning overtime, the currency losses it's purchasing power, meaning that people would need to earn more to even purchase what they used to.
It's a pathetic situation. In Nigeria, people cannot protest, it leads to rebuff and police brutality, but then I agree with a lot of other measures you've suggested here. I think African countries are quite worse, especially with the inflation rate
@tipu curate
Upvoted 👌 (Mana: 45/55) Liquid rewards.
I mostly focus on western countries because it easier to collect data and because they are richer countries. Therefore, if people in western countries are struggling, people in other parts of the world most likely have it worse. The impact of bad decisions made by the biggest and richest countries/trading blocs tends to spread. I wrote a post just over a month ago titled Exploitation of the Poorest Countries and this post covers how bad many of the poorest countries have it.
I think I read this, you wrote it sometimes ago and it's saddening. Government and competency has always been a big issue in small, poor African countries. I think we don't expect government to be flawless but at least it shouldn't be too bad like we have it here. It's great to read another excellent post, I can relate.