What is the importance of "Punk Rock" as noted in the memoir, Who I Am?

Punk Rock emerged in 1977 as a very strong force in music, threatening to overtake The Who and make them look like 'rock dinosaurs' unless they managed to keep up. Pete found it hard to compete with Punk because it spoke to the youth in a way that The Who could no longer do. Punk reflected the current rage, a sense of betrayal, and the nihilism of the working classes, when so many were on the dole, there were strikes all over the country, and the Thatcher government was coming into power. Punk helped the youth to express their anger and desperation, just as The Who's kind of music had helped the youth of their day to express their hopes for the future and their own freedom.