This is partly because of the desperate wannabes on the bottom rung. You guys have made your own grave, crapping in everybody's nest along the way. Another reason this the rise of the likes of the Pikey and his mob.
No, it is most definetaly
not the fault of desperate wanabees. They didn't create this scenario. Nor are they responsible for the evolution of an industry that has resulted in this state of affairs. If anything (and it isn't really that simple,) it is more the fault of people like you and I that watched this whole developing scenario and
tut tutted at the whole sorry mess that was panning out beneath us. We (and I use the term generically) comforted ourselves in the belief that our own future was wrapped in a shield of invincibility, that good fortune and timing had provided us. It came as a bit of a shock when the same architects of this
new world order decided to bring their chainsaws up to the higher branches of the tree. There can't be many of us that have not had our pensions, salaries, allowances, and benefits adversely affected in some way. Likewise it is only legislative extensions to many of our working lives that have stopped us squealing like stuck pigs even louder than we have done.
The regulators did nothing, the insurers have not seen any reason to re-price the risk, and the government (driven by public perception) have had no cause to stimulate the regulators into any particular course of action. Those company CEO's who decided to exploit this long standing loophole for profit, did so because they could.
It is Saturday evening, and if I switch on the TV, I am sure there will no end of shows where the young, talented, hopeful and hopeless are dreaming for a chance at an express ride to their own particular utopia. They will be happy to be humiliated, exploited and generally used in pursuit of that elusive opportunity.
I don't think youth, impatience and naivity have ever been uncomfortable bedfellows. They weren't when I was 18 and they aren't now. If I was that age now, I don't think I would have much problem jumping through whatever hoops were necessary in pursuit of what I perceived I wanted. So blaming the wanabees of today for the exploitation or "opportunities" that we have allowed to become the standard, really isn't their fault.