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Do not give in to Evil, but proceed ever more boldly against it

Sunday, February 14, 2010

What's Coming For The Next Generation

Read all of this article from The Atlantic via Urban Survival.


...The unemployment rate hit 10 percent in October, and there are good reasons to believe that by 2011, 2012, even 2014, it will have declined only a little. Late last year, the average duration of unemployment surpassed six months, the first time that has happened since 1948, when the Bureau of Labor Statistics began tracking that number. As of this writing, for every open job in the U.S., six people are actively looking for work.

All of these figures understate the magnitude of the jobs crisis. The broadest measure of unemployment and underemployment (which includes people who want to work but have stopped actively searching for a job, along with those who want full-time jobs but can find only part-time work) reached 17.4 percent in October, which appears to be the highest figure since the 1930s. And for large swaths of society—young adults, men, minorities—that figure was much higher (among teenagers, for instance, even the narrowest measure of unemployment stood at roughly 27 percent). One recent survey showed that 44 percent of families had experienced a job loss, a reduction in hours, or a pay cut in the past year.

There is unemployment, a brief and relatively routine transitional state that results from the rise and fall of companies in any economy, and there is unemployment—chronic, all-consuming. The former is a necessary lubricant in any engine of economic growth. The latter is a pestilence that slowly eats away at people, families, and, if it spreads widely enough, the fabric of society. Indeed, history suggests that it is perhaps society’s most noxious ill.

The worst effects of pervasive joblessness—on family, politics, society—take time to incubate, and they show themselves only slowly. But ultimately, they leave deep marks that endure long after boom times have returned. Some of these marks are just now becoming visible, and even if the economy magically and fully recovers tomorrow, new ones will continue to appear. The longer our economic slump lasts, the deeper they’ll be.

If it persists much longer, this era of high joblessness will likely change the life course and character of a generation of young adults—and quite possibly those of the children behind them as well. It will leave an indelible imprint on many blue-collar white men—and on white culture. It could change the nature of modern marriage, and also cripple marriage as an institution in many communities. It may already be plunging many inner cities into a kind of despair and dysfunction not seen for decades. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years...

Read the rest, and consider these questions for a moment:

What your children and grandchildren will be thinking as the Boomers -- "the oldest children who have ever lived", to quote a friend -- continue to suck up .gov retirement and health care money at an increasing rate, while simultaneously demolishing .gov tax collections via their departure from the workforce?

What will those Millennials be willing to do to break the Boomers' hold on society?

Still think you're ready for what's coming?


Anonymous Anonymous said...

Who is John Galt?

February 14, 2010 at 7:51 PM  
Anonymous J. Croft said...

We all know the answer to that...

As a late gen x'er I'm as fucked as anyone else opportunity wise. We're going to have to create our own economy our own prosperity and by the way we're being herded into a cashless society our enemy will control our own money-or other form of exchange. South Carolina is apparently making a move to start coining their own constitutionally correct money.

We have to redefine what a dollar is. Is it the fraud toilet paper the federal reserve banksters issue out or is it what we decide-silver, gold, goods, script based on wages?

Remember July4Patriot and all the fallen patriots-you might be next!

February 14, 2010 at 9:03 PM  

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