Sheep to the slaughter
I had the opportunity to spend part of a day on a college campus recently. It was a small liberal arts college, which had begun as a women’s college and only began admitting men more recently. Today the student gender ratio is 3:1, women to men. (That may sound favorable to men, but I disagree. It’s a concentration camp of feminist political correctness. But that’s another post.)
The college I visited is a liberal arts college, meaning that it focuses almost entirely on art, communications, education, English, the humanities like history or philosophy, and social sciences like psychology and sociology. Math and science are only present in a token sense, like “mathematics” or “environmental science.”
The last thing this planet needs is another psychology major, but that’s a lot of what I saw there. And the sad thing was, most of the students who were shambling around, half-dressed without a care in the world, had no idea of how bleak the job market will be for them. Most of them will wind up as baggers in the grocery store, or working at a gas station. The truly exceptional students may wind up as a barista at Starbucks. After they graduate with their worthless degrees, almost all of them will have to live with their parents for the foreseeable future, because the US economy (and indeed, the planet’s economy) is in a prolonged period of stagnation.
The Great Depression (1929-1939) lasted ten years, despite Democrats’ best efforts to price-control and deficit-spend their way out of it, Keynesian-style. The main effect of Franklin Delano Roosevelt’s “New Deal” was to keep things from getting better, by imposing price controls, which kept market forces from aiding in recovery. The thing that broke the iron grip of the Great Depression was World War Two, which actually maintained the Great Depression through price controls and rationing, while raising money to fight the war with war bonds. Only the end of the war allowed the Great Depression to end, as the postwar boom brought on a massive surge of manufacturing and building, much of which went to rebuild shattered Europe and Japan, as well as to satisfy pent-up consumer demand from the previous fifteen years.
The planet is currently stuck in a similar depression, and many governments are trying the same tired policies of tax-and-spend (and price controls, a la Venezuela), instead of letting market forces impose the necessary corrections. This results in structural unemployment, such as the United States has seen since 2008.
Those college students I saw will simply join the ranks of the unemployed and under-employed, until the nation’s so-called leadership decides to change their current policy of stagnation. And that’s not likely to happen very soon.
If they knew what was waiting for them, I don’t think those students I saw would have been nearly as carefree.