The Atlantic asks “Can The Middle Class Be Saved?” The answer, of course, is “No, so stop asking.”
Just in case you were laboring under the misconception that the Baby Boomers fucking everything up for everybody else was strictly an American phenomenon, the British political magazine Prospect would like you to know that the geezers on their side of the pond are equally to blame for the mess over there.
Meanwhile, don’t count on the Millennials or the Gen Y crowd to ride in like the cavalry and save everyone with active resistance. This article at AlterNet is getting a ton of attention: “8 Reasons Young Americans Don’t Fight Back: How The US Crushed Youth Resistance”. Some of the reasons given, like the aggressive overprescribing of medication for “acting up” (ADHD and related “disorders”) reads like “Clockwork Orange”. Some, like “fundamentalist consumerism”, are even scarier.
Nourel Roubini, the economist who was one of the first people to foresee the economic disaster of 2008, foresees a 50-50 chance of the current situation deteriorating into another global recession. In this clip from a video interview with the Wall Street Journal, he tells the interviewer that Karl Marx’s assessment that capitalism would eventually destroy itself may be on the verge of coming true.
