The capitalist crisis and the conditions facing the youth

[paenggoy]

Related:

"Middle-aged borrowers piling on student debt"

http://finance.yahoo.com/news/middle...205017170.html

[paenggoy]

"What happens to the young and educated without a job?"

http://www.ox.ac.uk/media/news_stories/2012/120109.html

[paenggoy]

"'I’m a graduate, get me out of here!’"

http://www.telegraph.co.uk/education...t-of-here.html

[rabii]

Sige, yong sa tingin nila ay mas okay ang Socialism e mag migrate na lang kayo kaya sa Cuba o di kaya sa North Korea.

[paenggoy]

But socialism as practiced in Cuba and North Korea is essentially state capitalism, so the same crisis will eventually take place. It's just that the crisis arrives faster in free market capitalism as that requires increasing production and consumption of goods coupled with more debt due to competition.

[paenggoy]

"The US schools with their own police"

http://www.guardian.co.uk/world/2012...police-schools

[rabii]

Paenggoy, Ask lang kita. sa Tingin mo ba ay mas okay ang Socialism kaysa Capitalism?(I'm referring to Laissez Faire capitalism, yong walang government intervention).

[paenggoy]

No, because state capitalism ends the same way, although free market capitalism is more volatile.

Ultimately, limitations in resources will not allow for continuous growth, whether through state or free market capitalism.

[rabii]

Kung sabi mo ay meron flaws ang free enterprise(Capitalism) , so para sa iyo ano ang ideal na system. Okay lang ba sa iyo na meron anti trust law para deterrent daw eto na i-monopolize ang isang big business company or individual ang isang paticular industry?

[paenggoy]

There's no ideal system because whether it's state or free market capitalism, there has to be continuous economic growth in a world with limited resources. That is not sustainable.

[paenggoy]

From last October: "More Signs That American Youth Are a Lost Generation"

http://www.theatlanticwire.com/natio...eration/42814/

[paenggoy]

"Venture capital explodes into the US education market"

http://www.wsws.org/articles/2012/fe...vent-f08.shtml

[paenggoy]

"Fewest Young Adults in 60 Years Have Jobs"

http://moneyland.time.com/2012/02/09...ars-have-jobs/

[paenggoy]

"Our 'Let's Pretend' Economy: Let's Pretend Student Loans Are About Education"

http://charleshughsmith.blogspot.com...s-pretend.html

[paenggoy]

"The Eurozone youth of today"

http://ftalphaville.ft.com/blog/2012...outh-of-today/

[paenggoy]

"The Myth of the 'The Knowledge Economy'"

http://www.nationofchange.org/myth-k...omy-1332512349

[paenggoy]

"11 Bizarrely Wrong Beliefs Americans Have About Themselves"

http://www.theatlantic.com/politics/...selves/239810/

[paenggoy]

"US student debt surpasses $1 trillion"

http://www.wsws.org/articles/2012/ma...debt-m24.shtml

[paenggoy]

"Quebec: Mammoth demonstration in support of strike against university fee hikes"

http://wsws.org/articles/2012/mar2012/queb-m24.shtml

[paenggoy]

Related:

"American High School Students Are Reading Books At 5th-Grade-Appropriate Levels: Report"

http://www.huffingtonpost.com/2012/0...n_1373680.html