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The Millennials are the American earthquake Having come of age during an epic financial crisis, they're now staying away from the stock market, and putting their money in savings accounts—the equivalent, during the Depression, of stuffing your dollar bills in a mattress for fear of there being a run on the banks. These little gestures signal deep cultural shifts that are ultimately really important for politics. My generation was raised to think that the stock market was our savior. Fuck pensions and Social Security! You can't trust the state or the long-term future. You can get much better returns from the whiz kids on Wall Street. That millennials are rejecting that kind of message seems hugely significant to me. What the market is telling us is: the motion of the pendulum is moving in a different direction, the will of this new generation is not like that of its recent predecessors. http://coreyrobin.com/2017/07/23/the-millennials-are-the-american-earthquake/ _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: http://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
