In his book, published a few months before the Covid-19 pandemic took hold, Joseph C. Sternberg argues that the predicament of declining socio-economic fortunes facing the younger generations today is down to the decades-long policy errors adopted by the past generations. From job precarity to difficulties entering the housing market, from higher risks of un- and under-employment to higher cost of living, the Millennials and Gen Z are suffering the consequences of a post-WW2 economic order built on debt-financed growth. The Global Financial Crisis and the subsequent Great Recession accelerated these trends. In the years since 2008, the public debt…
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