2016 Postmortem
In reply to the discussion: I Will Die With Student Loan Debt [View all]JPnoodleman
(454 posts)We have generally short memories and very poor sense of time.
The saying goes 100 miles is a short distance in America, but 100 years is a long time,
But 100 miles is leagues away in Britain, but 100 years is like yesterday.
Indeed all western Core capitalist industrial countries are facing the problems of demographic shift and Winter with rapidly aging populations and no solutions to fix it. Apparently the glorious free market Capitalist Utopia isn't great enough to motivate us to make more humans to enjoy this alleged rich and bountiful harvest.... not enough to sustain a healthy balance between young and old.
The incredible financial burden on the young will create two problems. One will be the uneducated poor slaving away in dwindling jobs and living in increasing misery. The others will be the educated who simply won't pay and will leave to greener pastures elsewhere. This burdened will create a brain drain and a youth exodus in America unprecedented in this new nations history. As a History major I actually can't immediately think of any historical precedent.