Listening to pop songs in taxis led Theodore Dalrymple to an explanation for one of the causes of the global financial crisis:
. . . For is it not the case that one of those causes is that, on a gargantuan scale, we took the waiting out of wanting? Not only consumer credit but government deficit spending, largely to underwrite a standard of living that we did not go to the trouble of having earned, is at the root of our financial difficulties. . .
The protestant work ethic with which I was brought up taught me about delayed gratification.
You worked and you saved and you waited and eventually you’d get what you wanted because you’d earned it.
Easy credit changed that by taking the waiting out of wanting and now we’re all paying for it.