11. No Bailouts for Youth: Broken Promises and Dashed Hopes
| 117 →
No Bailouts for Youth
BROKEN PROMISES AND DASHED HOPES
By almost any political, economic, and ethical measure, Barack Obama’s election victory in 2008 inherited a set of problems produced by one of the darkest periods in American history.1 In the eight years prior to Obama’s presidency, not only did the spaces where genuine politics could occur largely disappear as a result of an ongoing assault by the market-driven forces of privatization, deregulation, and unrestrained corporate power, but there was also a radical hardening of the culture that increasingly disparaged democratic values, the public good, and human dignity—and with these the safety nets provided by a once-robust but now exiled social state. George W. Bush, the privileged and profligate son of a wealthy Texas oilman, became the embodiment of a political era in which willful immaturity and stubborn civic illiteracy found its match in an emerging culture of excess and irresponsibility.2 As the age of casino capitalism reigned supreme over American society, the ongoing work of democratization—along with the public spheres needed to sustain it—became an increasingly fragile, perhaps even dysfunctional, project. Market principles now reached far beyond the realm of the economic and played a formative role in influencing and organizing every domain of human activity and interaction, while simultaneously launching a frontal attack on notions of a common good, public purpose, non-commodified values, and democratic modes of governing. ← 117 | 118 →
You are not authenticated to view the full text of this chapter or article.
This site requires a subscription or purchase to access the full text of books or journals.
Do you have any questions? Contact us.Or login to access all content.