“I wouldn’t want to be twenty-years-old now. I fear for what’s coming.”
— Hunter S. Thompson, 2003
Generational analysis is bullshit. Or so I’m told. Fit for netroots liberals and horoscope clippers, maybe. And to be fair, it’s mostly thinktank types who’ve been profiting off that whole Millennials Rising genre. One of the authors of that book is a former writing partner of Pete G. Peterson’s, the octogenarian billionaire who has spent the last couple of decades trying to kick over the Social Security ladder before us young’ns can scamper up and collect. Most of it reads like a debriefing after a recon mission—you can feel them sizing us up, drawing up blueprints for the generational counterrevolution that we’re living through right now. (more…)
There’s right-wing hypocrisy, and then there’s this: Charles Koch, billionaire patron of free-market libertarianism, privately championed the benefits of Social Security to Friedrich Hayek, the leading laissez-faire economist of the twentieth century. Koch even sent Hayek a government pamphlet to help him take advantage of America’s federal retirement insurance and healthcare programs.
This article by Yves Smith is cross-posted from Naked Capitalism. Washington DC appears to be readying itself for a repeat of the TARP, namely, the passage of unpopular legislation to appease the Market Gods (and transfer even more income from…
This article was first published by Vice magazine. It was a hot day, still 98 degrees at 6 PM, as I zoomed through gridlock on my freshly fixed 1979 Kawasaki KZ-400, squeezing between the monster trucks and lifted SUVs clogging…
