The way I see it, America will eventually have the choice between forgiving student debt or facing the massive destabilization caused by an entire generation being unable to build any wealth.
By destabilization I mean that the millennial generation will eventually become aware of the fact that they will be enslaved by their student debt for most of, if not their entire lives.
Many in this generation still had parents that were able to save and contribute financially to their children’s college education, but that’s also going to be a thing of the past when everyone has their own debt burden to carry well into adulthood – meaning the problem will become unimaginably worse for the next generation.
Once people realize this, you’ve got a social powder keg unheard of since the social question poised by the industrial revolution.
The entire student loan system is little more than a scheme meant to extract every last bit of present and future wealth from society’s youngest members, and the longer it continues, the uglier its inevitable end is going to be.
and so many millennials are choosing not to get married, or have kids because of all the debts they owe.
its having much more severe consequences than people want to admit.
PLUS!
One of the main critiques of socialism is that without the incentive to excel, no one will do their best job, and the system will fall apart as unmotivated people do worse and worse work. If you get the same housing and food and medical care whether you do good work or crappy work, why try?
But end-stage capitalism has the same problem, only without the guarantee of food and shelter. If you’re going to drown in debt your entire life and never be able to afford a house regardless of whether you work hard or don’t work hard, what incentive is there to slave away for your corporate masters?
We’re currently coasting on societally-imprinted work ethic and the myth that with hard work comes success. But as time goes by and it becomes more and more obvious that your hard work only enriches the oligarchs and you’ll never see a dime of that? Well before the powderkeg ignites we’ll see productivity drop through the basement because no one believes that being productive is worth the effort.
“If you’re going to drown in debt your entire life and never be able to
afford a house regardless of whether you work hard or don’t work hard,
what incentive is there to slave away for your corporate masters?”
God, I think about this almost every fucking day.
I think Cam Lauder put it best
“If we’re going to get punished whether we follow the rules or not its only logical that we pursuit the course of action that would make us the happiest”
Me, a Hawaiian: “While Hawai’i had a queen we were at the forefront of innovation, technological advancement, and international alliances. All the way up until the “democratic” government of the US illegally arrested her in her own palace and threatened to kill her and massacre her people unless she signed her country over to them. I’d like to have a queen who cares more about her peoples lives than her power again. Also, fuck Trump.”
Reposting cause I can and it’s still relevant
Its worth mentioning that Hawaii is also one of the few countries with a mythic, “Hero King” who they can actually prove existed. King Kamehameha the Great (yes like in Dragon Ball Z), was seven feet tall, the guardian of the war god Kukaʻ ilimoku, and took Hawaii from an archipelago of rival Kingdoms who hadn’t really gotten out of the Bronze Age, unified him under his dominion, and turned the Kingdom of Hawaii into a global trading empire who’s monarchs were greeted at the Court of Queen Victoria.
Guys I’m legit about to cry.
A post I made has over a thousand notes!! And most importantly it’s starting a conversation and spreading knowledge about what was done to my culture.
It is also so heartwarming to go in the notes and find people sharing more information and sources! And even more so to see that only two idiots decided to chime in with their misinformation.
Like, I am damn PROUD of y’all tumblr, we out here learning how to respect each other’s cultures and it’s dooooope!!!!
I was walking in the forest during winter, and saw a wendigo sitting under a tree. I asked it if it was going to kill me. It said, “No, this is just a dream.” So I sat next to it in the snow for a bit and then he said, “The anger in your heart warms you now, but will leave you cold in your grave.” And then I woke up.
sky's stuff 