Thursday, April 28, 2016

"Millennials Hate Capitalism Almost as Much as They Hate Socialism"

Experiencing this first-hand on a daily basis makes the content of the following piece from the blog all the more relevant:

"When pollsters probe young people further about socialism and capitalism, they tend to find that respondents don't have clear concepts of these economic philosophies. To many millennials, "socialism" doesn't mean a government-managed economy but something like what we have now, only with more subsidized health care, student-loan forgiveness, and mandatory paid parental leave. Millennials were small children, if they were even born yet, when the Soviet Union dissolved. "Socialism" isn't Romania and Yugoslavia but Scandinavia, not Karl Marx and union halls but Bernie Sanders and Twitter."


Redbaiter said...

Who can be surprised by what comes out of our education system when for decades we have gifted it to left wing zealots who have over this time done all they can to ensure children are not really educated.

Especially about history, for of course that would give children forewarning of the failures of socialism.

And there's been barely a murmur of protest from parents about this situation.

They have been too busy themselves throwing off old customs and embracing new ones with the unbridled enthusiasm that I am sure lemmings exhibit when they throw themselves off cliff faces.

What is the result of these changes?

Degeneration, and its too late now to change it.

We can now only suffer the consequences of this damn ignorance and these predictable mistakes, and complain about it weakly, or grind our teeth in silence.

Jamie said...

Tony Montana on capitalism:

You know what capitalism is??? Gettin' F*ck'd

Tony Montana on communism:

You a communist? Huh? How'd you like it, mang? They tell you all the time what to do, what to think, what to feel. Do you wanna be like a sheep? Like all those other people? Baah! Baah!

"You wanna work eight, ten fucking hours? You own nothing, you got nothing! Do you want a chivato on every corner looking after you? Watching everything you do? Everything you say, mang?"

Anonymous said...

What "we" have now is neither capitalism nor socialism - it's communism pure and simple.

Eastern Eurooe had objectively more personal freedom, less government involvement in the economy, lower tax rates, and less f@@kng welfare than anywhere in the "West" these days.

Jamie said...

"Indian Chief Two Eagles was asked by a white U.S. government official, “You have observed the white man for 90 years. You’ve seen his wars and his technological advances. You’ve seen his progress, and the damage he’s done.”

The Chief nodded in agreement.

The official continued, “Considering all these events, in your opinion, where did the white man go wrong?”

The Chief stared at the government official then replied,

“When white man find land, Indians running it, no taxes, no debt, plenty buffalo, plenty beaver, clean water. Women do all the work, medicine man free, Indian man spend all day hunting and fishing, all night having sex.”

Then the Chief leaned back and smiled, “Only white man dumb enough to think he could improve system like that.”

Too bad I had the misfortune of being born into this rotten, corrupt, and degenerate era. As far as I'm concerned....

Take Me Back Then

Jamie said...

Something I have been pondering for sometime
A little light reading to get started [the first link is mammoth-like, Fred is easier to digest]....

'Can democracy thrive when more and more benefits accrue to machines that are stronger in body, and quicker in mind, than any mere mortal? And will the machines’ owners remain willing to honour the claims of their social inferiors when they no longer need them to make their food, or to staff their companies, or to fight their wars?

Machines are about to get very good at doing a range of tasks that human beings have historically been paid to perform. By some estimates, half of current jobs are in danger of being replaced. If anything close to this happens, a smaller and smaller share of the human population will possess skills that make them more productive than machines. As a larger supply of labour competes for fewer jobs, wages will fall for most, or dry up entirely. The owners of capital and property, physical and intellectual, will triumph, labour will be devalued relative to capital and even more so relative to ideas and machine learning technology

Advanced democracies like the United States would then be transformed by the rise of two wildly different strata of society, with very little to keep them connected: A small upper class will largely rely on technology to serve its needs. Meanwhile, a large lower class will have very little of value to offer a shrinking labour market.

In light of this momentous transformation, it is only natural that most writing about automation has been focused on the economic realm. And yet, the rise of the machines is likely to have even more radical consequences in the political arena.

Devoid of the middle class that has historically sustained it, democracy is unlikely to survive.'

I've seen some on the right crow like roosters about the rise of the machine. I've heard the mantras like the markets will take care of it, or new jobs will be invented, or get rid of welfare and all problems are solved.
To me they sound hollow and empty.

Indulge me here Lindsay, What if they don't???

Lindsay Mitchell said...

None of us has a glass ball but we can look back. Historically, there have been multiple predictions about mass unemployment due to technology displacement. They didn't eventuate.

Now I see people with service jobs being replaced by machines eg Supermarket automated check-outs. But I notice staff still oversee customers using them. And assume that there is a workforce behind designing, building, selling, and maintaining the machines. Won't they have built-in obsolescence?

Plus nobody seems to be accounting for the shift in values that occurs as a backlash to technology. The well-heeled are now seeking authenticity - hand-made and organic. Jobs. That's why the Yanks love NZ. It's reminiscent of small town America but not in America.

It's only my opinion Jamie but in your lifetime I doubt technology is going to result in mass unemployment or societal restructuring.

I would say to you the same as I say to my son. Stop over-thinking it. Live your life. It's precious.

Jamie said...


All them wharfies should just retrain as brain surgeons, or go make nick-knacks for rich folk right Lindsay?

Poor bastards....

Oh well screw em, I gotta get mine