No other cohort has felt the wrath of capitalist crisis more than youth in the US. Finance capital has leveled over a trillion dollars of debt on the shoulders of students. The US has the highest rate of child poverty in capitalist countries. Youth joblessness stands at 10.5 percent nationally. This number doubles for Black and Latino youth in the US. The jobs that do exist are in low-wage sectors. The stranglehold of finance capital over housing, education, and healthcare has created a perfect storm where people under thirty in the US are now poorer than those who have retired.
It should come as no surprise, then, that young people in the US see themselves as working class rather than the often trumpeted term "middle class."
in the time remaining, to help us understand how the man-made system of capitalism will lead to the extinction of our human species, and so many others.
Monday, March 28, 2016
Capitalism's Crisis and the Betrayal of A Generation
Click here to access article by Danny Haiphong from Global Independent Analytics.