Shiv Malik, co-author of the book Jilted Generation: How Britain Has Bankrupted Its Youth, says the under-thirties feel betrayed – sold out in favour of their parents and grandparents.
Fees, he argue, are just one part of the jigsaw.
The 29-year-old took to the streets himself on Thursday, and was injured after being hit by a police baton. He argues that most of the protesters were not anarchists or socialists but young people whose instinct to revolt had been awakened for the first time. (Source)
Let’s take a minute and look at the looming fate of the average young person today: (Source)
1) Your government-run university tuition is going to go through the roof, saddling you with unfathomable debt before you even enter the world as an adult;
2) Once you graduate, you’ll be the last in the hiring queue;
3) If you do get hired, you’ll be the lowest on the totem pole and the first to be let go when tough times befall your business;
4) Once the labor market eventually stabilizes, you’ll enter your prime earning years with some of the highest tax rates ever seen as your government continues to cannibalize your generation to pay off its largess and indebted entitlement programs that benefited older generations;
5) For your entire working life, you’ll pay into a pension system that is going to be bankrupt by the time you’re qualified to draw on it;
6) More than likely, you’ll never achieve the standard of living that your parents achieved;
7) Whatever wealth your parents accumulated won’t be left to you– the bulk of it will be confiscated by the state (unless your folks were smart enough to plant multiple flags) due to a host of death taxes.
Stop playing by the same rules of the game that used to work in the past– the old playbook of “go to school, get a good job, work your way up the ladder” simply doesn’t apply anymore.
Go explore the world and get an education based on experience, not expensive academic theory. Seek opportunities in thriving, frontier markets overseas… places like Kurdistan, Mongolia, Botswana, Kazakhstan. Soak up the local intelligence and become the grease guy on the ground who can make things happen.
Find people whose lifestyles you want to emulate and make yourself indispensable to them as an apprentice… this will be the only time in your life that you can afford to work for nothing in exchange for a valuable, first-hand education.
Most of all, stop playing by everyone else’s rules. Refuse to be enslaved by the idea that it’s your civic and moral responsibility to pay off the debts of your government’s failures. Cast off the yoke of their control… and summon the courage to live a life by your own design.
The path to prosperity in the Age of Turmoil depends on this ability to reject the old system, declare your economic independence, and carve your own path. (Source)
Meanwhile, people in Greece riot over austerity crack downs:
. . . and in Italy too:
“You can tighten your belt up to a point and then you reach a point where fiscal austerity is self defeating and I think they’ve reached that point,” said Diego Iscaro, an economist at IHS Global Insight in London. (Source)
- Shiv Malik injured covering student protests (newstatesman.com)
- Riots, fire, anger – and a defining political moment for a generation (guardian.co.uk)
- U.K. students protest ‘paying more for less’ (msnbc.msn.com)
- U.K. Parliament votes to triple tuition fees (salon.com)
- Britain’s Student Riots: A Sign of Things to Come? (time.com)