The One And Only Way Out? “In many important ways, the financial crash of 2008 never ended. It was a long crash that crippled the economy for years…This fragile financial system was wrecked by the pandemic and in response the Fed created yet more new money, amplifying the earlier distortions.”
Excoriating boomers (I am one) is not unreasonable. No empire has squandered its blood and treasure in the last 30 years like ours. Consider the trifecta of the housing crisis where millions lost the opportunity to build wealth and opportunity; the opioid crisis where all institutions soiled themselves, and as you point out, the unbelievable burden imposed on a younger generation pursuing education to enrich older cohorts. There is something inherently wrong in our social contract. It seems like America has reverted to the Jamestown model whereby the corporation sent indentured bodies to seek out a profit where no resources existed. Profit is not everything - it is the only thing.
Epilogue
Excoriating boomers (I am one) is not unreasonable. No empire has squandered its blood and treasure in the last 30 years like ours. Consider the trifecta of the housing crisis where millions lost the opportunity to build wealth and opportunity; the opioid crisis where all institutions soiled themselves, and as you point out, the unbelievable burden imposed on a younger generation pursuing education to enrich older cohorts. There is something inherently wrong in our social contract. It seems like America has reverted to the Jamestown model whereby the corporation sent indentured bodies to seek out a profit where no resources existed. Profit is not everything - it is the only thing.