As autumn gives way to winter, Spain, like much of Southern Europe, just keeps getting hotter and hotter… and it has nothing to do with global warming!
As you will no doubt gather, prospects for the Spanish youth could not be bleaker. With less than 50 percent chance of finding work, much of which is short-term, low-skilled and low-paid, is it any surprise that more and more young Spaniards are rejecting the current path the country’s on and taking to the streets in protest?
Which leads one to wonder: what do events in Spain, Greece and Portugal portend for the richer economies of Northern Europe or North America, especially in light of the fact that many of their youth are also struggling to find meaningful employment?
The EU-wide unemployment rate currently stands at well over 20 percent. In the U.S., the employment rate among young adults (18-24) is just barely above half, or 54%, which just happens to be the lowest in 64 years, reports zerohedge.
The current economic system in the West, based on misplaced assumptions and a bygone reality, has betrayed the hopes and dreams of the new generation. And if we are to learn anything from 20th century history, it is that having an enormous and ever-growing pool of disaffected youth does not a stable society make.
Put simply, the neo-liberal economic model is destroying the very foundations on which viable social coexistence depends. The system is broken and needs a reboot, and the sooner the better.
“There’s a time when the operation of the machine becomes so odious, makes you so sick at heart, that you can’t take part! You can’t even passively take part! And you’ve got to put your bodies upon the gears and upon the wheels…upon the levers, upon all the apparatus, and you’ve got to make it stop! And you’ve got to indicate to the people who run it, to the people who own it, that unless you’re free, the machine will be prevented from working at all!”