stern, stern but fair wrote:
Thorstein V wrote:
"[M]y ideal economic model is one where all basic necessities are abundant and free, everyone works a few hours a week at the necessary chores of society like garbage collection and machine maintenance, then has the rest of their lives free to pursue whatever projects—be they art, leisure, or industry—that they desire.”
https://www.salon.com/2018/03/18/some-millennials-arent-saving-for-retirement-because-they-do-not-think-capitalism-will-exist-by-then/
Worth noting that they are the most highly indebted group ever thanks to a higher education system controlled by the baby boomer generation. And millenials may have more personal debt, but the baby boomers have been responsible for the absurd increase of national debt.
Privatize the gains, socialize the losses, the boomer way.
Worth noting that those baby boomers are the bankers and politicians that have essentially lobbied for enormous amounts of debt among many financed elements.
Any person, regardless of age, will take on available debt, if possible. So, blame the 'baby boomers' all you want, for human nature.