Let’s be honest about socialism’s paradoxes | Letters

The question arising from Owen Jones's article (How the Tories are victimising young people, 12 January) has to be: is socialism choking itself to death on its own inherent contradictions? Has the past 50 years been a good period in history, or has it not? If it could be repeated, should it be repeated? If the parental generation has spent its children's future, how does the next generation suppose it can avoid doing the same to its children?

Jones reports that rates of depression and anxiety among the young have increased by 70%; a third feel they will have a worse standard of living than their parents; 42% feel owning a home is an unrealistic prospect. If we compare the last 50 years with preceding periods of history, it is apparent that the last 50 years has been the aberration. The parental generation enjoyed a higher standard of living, not because it worked for it, but because it mortgaged (borrowed) from subsequent generations.