Generation Z

"Young people do not degenerate; this occurs only after grown men have already become corrupt.” — Montesquieu, The Spirit of Laws, 1748. The great test of a generation is whether it leaves better prospects for its descendants. Yet by virtually every indication, the baby boomers, and even the Gen Xers, are leaving a heritage of economic carnage — as well as a growing social and cultural dissipation that could shape our future and the fate of democratic self-rule, and not for the better. This legacy comes not from outside forces, but the investment bankers, tech oligarchs and their partners in the clerisy who have weakened their national economies and undermined the chances of upward mobility for most young people.

When I was in high school, I worked at an ice rink in the winter and a swimming pool in the summer. My friends toiled at Target and gofered at golf courses, making minimum wage and spending it on gas and low-rise jeans from Abercrombie: it was 2008, after all. These days, gas may still cost $4 per gallon, but now the jeans are high-waisted and the teens are more ambitious. My youngest brother Ted is 18. He spent the summer before his first year in college working in a cheese shop, sweeping floors and straining ricotta: a classic summer job, tedious and stress-free. Yet some of his friends are taking a different route. Ted’s buddy Tom just cashed out $3,000 in bitcoin winnings to buy a weeklong Airbnb in Ocean City, Maryland for all his friends.