Tag Archives: millennials

Should be "neoliberalism" instead of "liberalism."New StatesmanWhy is “millennial socialism” on the rise? Because liberalism is failing Lea Ypi

Lost economic and financially, that is. The Federal Reserve Bank of St. Louis published a new report examining the relationship between a person’s birth year, and measures of his or her family’s economic status, including income and wealth. Fed economists determined that substantial wealth declines were visible across the age spectrum around the Great Financial Crisis (GFC) but found that young families suffered the most. Zero HedgeMillennials Are Now Considered The "Lost Generation"...

Data show rising dissatisfaction with economic status quo. The millennial generation is the largest demographically, and it is poised to begin taking over power as the boomers start fading. AlterNet Millennials and Capitalism Just Don't Mix Emily C. Bell

That is, youth unemployment defined as the number of unemployed people from 15 to 24 years old as a percentage of the youth labour force.Have a look at the figures for European nations in 2015:Greece | 49.8% Italy | 40.3% Spain | 48.4% Portugal | 31.9% Slovak Republic | 26.4% France | 24.7% Belgium | 22.1% Finland | 22.0% Ireland | 20.9% Poland | 20.8% Sweden | 20.3% Hungary | 17.3% Luxembourg | 17.3% Slovenia | 16.4% Latvia | 16.3% Austria | 10.6% United Kingdom | 14.6% United States |...

By J.D. Alt I spent the last couple days reading and contemplating “Political Aspects of Full Employment”, the transcript of a lecture―given in 1942!!―to the Marshall Society by economist Michal Kalecki. This was recommended to me by Nat Uerlich in his May 2 comment to my post “False Choice or Real Possibilities.” Many thanks to Mr. Uerlich for taking the time to make the comment. I urgently recommend Professor Kalecki’s lecture to anyone who feels a little fuzzy (as I have lately been...

By J.D. Alt I’m pleased to announce the book The Millennials’ Money is now available. Many of its parts were first vetted here at NEP, and readers’ comments and suggestions were extremely helpful in finalizing the text. There is a nice endorsement on the back cover by Stephanie Kelton. A deeply felt thank you to NEP and all of its readers! The book is structured in three sections: The introduction, “The Ideology of Money Scarcity—a Brief History,” is an overview of how, after 1971, the U.S....

By J.D. ALT I’ve been continuing to work on the book I first proposed here at NEP last spring—The Millennials’ Money—and am getting close now to having it ready for publication. The aspect of it that was least successful (and there were several NEP comments to that effect) was the framing of the “ideology of money scarcity” as having evolved from the particularities of the baby-boomer’s generational experience. That was always a shaky and not-very-insightful argument—and I recently came to...