Obliquely, you touch on a point I’m wondering about. The “kids” who are pissed about being so far in debt. I’m wondering if that is a more significant development than we have realized. In a ghastly way, their young lives are much like one of those mortgage security phantoms.
They have mortgaged their projected future earnings in order to position themselves to achieve such earnings. And face the prospect of those earnings no longer being feasible, for the foreseeable future.
Another dot to connect. Used to be, for college kids, the golden road was the law. Then it was medicine. Then it was comp sci, and then it was business. How many MBA’s are we graduating this year? How much does a business school cost, one that will make the recipient of your resume eager to recruit you?
Well, its an investment, isn’t it? In fact, thats just about all it is, paying the dues required to join the club, majoring in the White Studies Program. Big investment houses collapse, thousands upon thousands of equally well educated and experienced! personnel are suddenly available at dollar store prices.
These kids are in hock up to their shell-like ears, and they just got their ticket to the good life, but there’s been a mistake, the ticket says barista, it says pizza delivery. But the loan papers still reflect a first-class ticket to capitalist Heaven.
So that’s different. Most of the occupying army are pissed at the guys in the Club, these kids are pissed because they spent years of their young lives trying to get into the Club, only to find membership lists are closed.
Now, here is a small spot of good news for them. Maybe. With the kind of regulation we are going to need, we will need quite a lot of investigators, inspectors, that sort of thing. Young people with a solid education in business would fit the bill nicely. Of course, we are only talking about a civil service salary, in the “pretty good” range.
But maybe, considering their service to their country, we can bear some of the burden for their education. Seeing as how that is what makes them so useful in the first place, sure, why not?