Vox published a one-sided narrative from an author with “a very Marxist perspective on the world” who encouraged violence in the Vox article “Why are millennials burned out? Capitalism.” The article didn’t offer any capitalistic arguments or voices to push back on the extraordinary claim that Millennials have been exploited by the modern economy and that it would take a bloody overthrow of America’s capitalistic system to enact positive change.
The piece is a written Q&A interview with Malcolm Harris, author of the new book “Kids These Days: Human Capital and the Making of Millennials,” that completely ignores the fact that multiple studies have shown a majority of Millennials would like to start their own businesses someday.
“Millennials, [Harris] argues, are bearing the brunt of the economic damage wrought by late-20th-century capitalism,” writes Vox’s Sean Illing. “All these insecurities — and the material conditions that produced them — have thrown millennials into a state of perpetual panic. If ‘generations are characterized by crises,’ as Harris argues, then ours is the crisis of extreme capitalism.”
Buried deep in the piece is the unchecked statement by Harris that violent overthrow of capitalism is what will save Millennials.
“So I want to make sure I’m clear on what you’re saying here,” Illing asks. “You’re essentially arguing that the system is fundamentally flawed and thus there is no ultimate solution short of overthrowing it. In other words, the only solution is revolution. But that’s a very difficult thing to control or predict.”
Harris responds: “It is. A much smarter Malcolm than I, Malcolm X, said you don’t have revolutions without bloodshed, and he was probably right. But we’re in a situation now where the ruling class feels so powerful and I’m not sure what it will take to change things.”
In citing Harris’ analysis of rising income inequality, the glowing interview offers no perspective on the important concept of consumption inequality.
“Since 2006, the ratio of the 90th percentile to the 10th percentile shows rising inequality when incomes are compared, but a decline in inequality when consumption is examined,” economist Bruce Meyer said.