The capitalist crisis and the conditions facing the youth

[paenggoy]

"JPMorgan Restricts New Student Lending to Bank Customers"

http://www.bloomberg.com/news/2012-0...customers.html

[paenggoy]

"53 Percent Of All Young College Graduates In America Are Either Unemployed Or Underemployed"

http://theeconomiccollapseblog.com/a...-underemployed

[paenggoy]

"Think The US Student Loan Bubble Is Bad? You Ain't Seen Nothing Yet"

http://www.zerohedge.com/news/think-...en-nothing-yet

[paenggoy]

"US college grads confront the dead end of the profit system"

http://www.wsws.org/articles/2012/ap...pers-a24.shtml

[paenggoy]

"The Youth Unemployment Bomb"

http://www.businessweek.com/magazine...5058743638.htm

[paenggoy]

"The Crisis of Student Debt in America"

http://www.addictinginfo.org/2012/05...bt-in-america/

[paenggoy]

Related:

"The Ph.D. Now Comes With Food Stamps"

http://chronicle.com/article/From-Gr...ool-to/131795/

[paenggoy]

"Cost-cutting taking place across Australian universities"

http://www.wsws.org/articles/2012/ma...unsw-m21.shtml

[paenggoy]

"Montreal crowds mark 100 days of student protest"

http://www.bbc.co.uk/news/world-us-canada-18170492

[elhy]

yeah right

[paenggoy]

yeah right

Because....

[paenggoy]

"US student loan debt: Where did it come from and who benefits?"

http://www.wsws.org/articles/2012/ma...loan-m29.shtml

[paenggoy]

"Goodbye faculty: What’s the point of a University anyway?"

http://energybulletin.net/stories/20...versity-anyway

[paenggoy]

"It Can Happen Here: Europe’s Screwed Generation and America’s"

http://www.thedailybeast.com/article...america-s.html

[paenggoy]

"Students pay rates as high as credit cards on loans"

http://www.inlandnewstoday.com/story.php?s=24345

[gakutokamui]

- resource crunch... check
- trillions in derivatives... check
- evils of fractional reserve banking... check
- something new from paenggoy other than those things done ad nauseum in all his threads.... ummm

[paenggoy]

- resource crunch... check
- trillions in derivatives... check
- evils of fractional reserve banking... check
- something new from paenggoy other than those things done ad nauseum in all his threads.... ummm

Why are you looking for something new with regards to this issue?

[Lady Chablis]

It’s hard to sell socialism. It has failed the test of time. The former Marxist-Leninist socialist Eastern European bloc is now capitalist. The non-Marxist-Leninist socialist European countries like France, Sweden, Norway and Denmark which have cradle to grave benefits are finding they can no longer afford many of their socialist benefit programs. China and Cuba are turning capitalist, although they just don’t admit it. There’s really nothing new about socialism. Its appeal is in the eye of the beholder. Honestly, I prefer to live and work in a capitalist country like the United States.

[gene69]

.....

The author has to stop dwelling on the faults of ideologies. None of these – socialism, communism, and capitalist – has all the answers for all our current problems. Communists who scream for equality and a classless society for all men can become corrupt with absolute power to dispense the wealth. The wealthy of the capitalist can succumb to greed and horde corporate wealth for their own selfish interest. Socialists can become lazy and want all entitlement money to come so they don’t have to work. The problem is not the ideology. The problem is us.

(emphasis supplied)

i agree.

[paenggoy]

It’s hard to sell socialism. It has failed the test of time. The former Marxist-Leninist socialist Eastern European bloc is now capitalist. The non-Marxist-Leninist socialist European countries like France, Sweden, Norway and Denmark which have cradle to grave benefits are finding they can no longer afford many of their socialist benefit programs. China and Cuba are turning capitalist, although they just don’t admit it. There’s really nothing new about socialism. Its appeal is in the eye of the beholder. Honestly, I prefer to live and work in a capitalist country like the United States.

This isn't an issue of selling socialism but realizing internal flaws in capitalism. In this case, it involves the cost of university education having to increase by up to 15 pct per annum (or a doubling every seven years) while relying on consumer spending to generate jobs. It won't last.

Also, the rest of your post is very much outdated as both China and Cuba have been state capitalist for some time. What you did not mention is that the U.S. economic crisis has now spread to Europe, and is now affecting China and other parts of Asia, leading to one credit crunch after another and met by one QE after another offering fewer cents for each dollar spent. What is the effect of such? Read the articles linked above.