They’re really writing about that false nostalgia aren’t they, looking back to an era that never really existed. It’s a preview to one of the key drivers behind brexit and clearly not yearning for those imaginary days.
One thing that is really striking about The Kinks is how they never seemed to loose sight of those North London working class roots. Ray often wrote about his family and they all carried on living normal working class lives, which he was a brilliant and utterly empathetic and connected with observer and documenter of.
Even now Ray and Dave just come across as pretty typical London blokes you’d find have a pint in the local.