"I lecture in sociology and one of the most important lessons is to notice that societies have patterns or structures, providing reasonable stability over the years. But, occasionally there are rapid changes, which transform our world. In these times things can change for the worse as well as the better; these are times in which our actions really matter.
Societies are being held to ransom by international markets, by investors and by private banks. What has happened in Ireland is about to happen in Italy and Spain, and, probably, France.
Our governments have failed us by neglecting to regulate these businesses. 100pc loans on ponzi-scheme houses is something the state should have intervened against. Yet, rather than protecting the citizens from the fall-out of these bank failures, the government has insisted that we, the taxpayers, should pick up the bill."
http://www.herald.ie/lifestyle/im-an-academic-and-a-dad-i-must-make-a-stand-for-my-kids-future-2901756.html