Very astute article by historian Victor Davis Hanson, looking at the new American class of "helots".
It's about the entire generation of young Americans (Canadians, too) who have fluffy degrees but can't do much of anything.
"Overpriced colleges are rarely truthful about the new Helotage."
"For example, often they offer incoming students
Club Med–like gym privileges: rock-climbing walls, aerobics and yoga
classes, and hip weight rooms. Such glitzy distractions fool students
into thinking that they are already part of the privileged classes —
without awareness that upon graduation, few of the newly indebted will
make enough to enjoy commensurate perks at private clubs on their own
dime."
"Strip away the fancy degrees, the trendy fluff classes, the
internships with prestigious employers, and the personal gadgets, and a
new generation of indebted and jobless students has about as much
opportunity as the ancient indentured Helots."
The bubble is going to burst, as will the helot bubble around President Obama. It's just a question of when.
