I was thinking about this topic this morning and I wanted to run it by you. The genesis of it all was an interview I did with Rohan Grey and Kevin Muir on Real Vision regarding MMT. And one conclusion I drew - partially motivated by the debate - is that Millennials face a very different world than Gen X or baby boomers did. I think that means their receptivity to change is different. So I wanted to sketch out how I am thinking about some of these things using Obama and Trump.
2020 will most likely reveal the same corrupt Democratic establishment and their media propagandists that we saw in 2016 and Russia-gate.
2024 will probably be the big boom.
No amount of wage increases can compensate for 50 years of shameless rent seeking by the elites. Americans live in a privatized country, where wealth must be obtained and managed by individuals and households. It’s like a homeless person who is forced to push their life’s belongings in a shopping cart wherever they go.
Since the average person is unable to manage wealth of any sort, they will need 3rd parties to do it for them. Enter the parasitic rent seekers.
Thomas Frank’s “Listen, Liberal” describes how Bill Clinton and Newt Gingrich were working together in secret to privatize Social Security in the late 90’s. They were planning on using the treasonous event as a shining example of bi-partisan cooperation! Luckily for the people who rely on earned income the Monica Lewinsky affair exploded and the 2 traitors had to return to their pretend hatred of each other.
So many on the left and the right are fed up with the manufactured consent of America. Although the millennials are the ones who are identified as a generation open to socialism, they aren’t the only ones.
The problem is the media is corrupt. Many older Americans are ready to join the millennials.
I suspect that discontent and disgust at politics as usual means that young voter turnout will be low until there is a candidate who rages against the current system (as Trump did), but with a message more convincingly populist.
Scandals like Epstein, if they ever reach blue collar voters, will increase the disgust.
For someone who values their privacy I'm wonder why I have to set a photo to comment on a private list?
Here's one more good article:
Here's a good article that helps explain where we are today. It uses Thomas Piketty's work to make its point.
Very interesting take Ed.