Skip to main content

Hyper-educated poor: one of the last 'achievements' of collapsing capitalism


Truthdig's Robert Scheer spoke with Alissa Quart about the "hyper-educated poor" phenomenon on the context of her new book.

An interesting part of the story is the bizarre psychology of 'self-blaming', identified in most of these highly educated people who are increasingly struggling to find a job proportional to their skills and knowledge.

Quart explains:

You have $1.5 trillion student debt. You have, an income inequality thrumming under all this. Since 1997 the top one percent, its income has grown 20 times faster than the other 90 percent. It’s so high now, and the gap is so great. And you have this whole world of counselors and coaches and certificate programs that, I think of them as like vultures on the carcass of the middle class. Also, when you’re talking about race, the whites’ median wealth is 68 times the median wealth of African Americans.

So, in the middle class, it starts to mirror that too; I talked to an African American woman who had been a journalist, had been laid off, she was looking for jobs. Her colleagues were getting jobs in PR, like the second act kind of thing. And she said, I’m not getting them. She was like, ‘what’s wrong with me?’ And then I looked at the figures, and I realized white applicants were 36 percent more likely to get callbacks on job interviews than African American applicants. So there was probably implicit bias in why she wasn’t getting those job calls for the PR. And she sort of knew that, but then a part of her was like, ‘what’s wrong with me?’

And this is one of just dozens, like a hundred interviews I had, where I often felt like saying: ‘there’s nothing wrong with you!’ The thing that I am hoping will reach people - so this book isn’t depressing - is that there’s a lot we can do and that people are starting to do. People are starting to vote differently. I think once you realize that you’re part of a precarious class, you might vote with others that are also precarious.

Middle-class and working-class people voting together and finding common cause–that’s the hope. That through self-recognition of your state, when you stop blaming yourself and start blaming these system errors, things can change. You know, you can start talking openly with your neighbors and friends, and colleagues and your kids, and try to set up arrangements, personal arrangements.


The story reveals another loud distortion of the obsolete capitalist system. A distortion amplified by the neoliberal ideology in the era of financial capitalism. Neoliberalism sold the fairy tale of automatic equilibrium in societies through the continuous chase of self-interest.

The magnitude of this distortion is particularly evident today in the US higher education and its connection with the labor market. Privatized educational sector is seeking for more students to maximize profits. The banking sector is seeking for more student loans to maximize profits too. In the end, you have heavily indebted, hyper-educated people who struggle, day by day, to find a job because the big corporations hyper-automate production - in every level - to ... maximize profits.

In order to hide this huge failure, the ideological framework of this completely distorted system has brainwashed the masses to make them believe in outrageously simplified narratives, many of them being deeply irrational.

Therefore, for example, if you can't find a job, it's only your fault. This completely distorted system has nothing to do with it. The fact that you have been brutally exploited until your graduation in the most cynical manner, is something that this rotten ideological framework wants you to believe that is irrelevant.

And it works. Instead of seeing the big picture of this insane situation, many millennials blame themselves for not being able to find a job, as they've been 'trained' to do so by the establishment tools and mechanisms.

Comments

  1. Anonymous5/9/18 16:56

    "Also, when you’re talking about race, the whites’ median wealth is 68 times the median wealth of African Americans."

    Sounds like BS, it probably is.

    But let's compare Jews vs Whites. Why is that absent? Doesn't fit a narrative you want to push?

    ReplyDelete
  2. Anonymous10/9/18 12:34

    you guys have a fantastic site, and explain exactly how dangerous the EE is and the ECB, and anything so centralized, that puts money and profit over people...The onlt problem you have is that you are so much on the "left" that you are hurting youselves... On one side all the refugees and "lathro" are welcomed allthough it is so clear that the "lathro" is being used as a weapon against the "christian white race".. So if its not the ECB thats killing us it has to be the "lathro"... ..."the whites median wealth is 68 times the median wealth of AfroAmericans..." for crying out loud why...first it sound like left BS...if its not, dont they have there own country to do to and prosper? Finally again if the ECB isnt killing us it has to be some kind of left party like the Soviet Union that has to kill us... You guys have my respect for your analysis, i used to read you every day untill I realised that you guys are so "open boarder society friendly", so "homosexuals have more rights than straights" and so against people that love their countries because everybody should be welcomed in our countries, and of course "everybody" means millions of muslims from all over Asia and Africa. So you have my respect but you have lost me as a everyday ready. I come into your site 1 time every couple of weeks, very happy on how you explain the danger from the EE coup. but so unhappy with the rest... I wish you guys all the, look around though and see the world is changing. last example is Sweden ... Good Morning...

    ReplyDelete

Post a Comment

Popular posts from this blog

Greece is about to become the blueprint for modern feudalism

globinfo freexchange
After almost ten years of an unprecedented crisis, Greece has been trapped into an ongoing, slow motion recession. The economy still struggling hard to recover, with unemployment and national debt being permanently in a red alarm mode.
As has been already pointed out, the result of the recent Greek national elections could be characterized "paradoxical" mainly for two reasons: 
First, the voters gave a clear governmental order to one of the traditional powers of the old political system, which are highly responsible for the Greek crisis that erupted in 2010. Several top names of the new government, and even New Democracy leader, Kyriakos Mitsotakis, have been accused of being involved in various corruption scandals, in the not so distant past.

Second, the fact that the voters elected perhaps the most fanatically neoliberal government ever. This means that Mitsotakis administration is expected to implement the brutal neoliberal policies imposed by Greece&…

How Joe Biden’s privatization plans helped doom Latin America and fuel the migration crisis

On the campaign trail, Joe Biden has boasted of his role in transforming Colombia and Central America through ambitious economic and security programs. Colombians and Hondurans tell The Grayzone about the damage his plans did to their societies.
by Max Blumenthal
Part 8 - Gutting public healthcare, driving more migration
The Alliance for Prosperity also commissioned the privatization of health services through a deceptively named program called the Social Protection Framework Law, or la Ley Marco de Protección Social.

Promoted by Honduran President Juan Orlando Hernández as a needed reform, the scheme was advanced through a classic shock doctrine-style episode: In 2015, close associates of Hernández siphoned some $300 million from the Honduran Institute for Social Services (IHSS) into private businesses, starving hospitals of supplies and causing several thousand excess deaths, mostly among the poor.
With the medical sector in shambles, Hondurans were then forced to seek healthcare from …

As Boris Johnson unleashes ultimate threat against Bremain capitalist faction, the British working class is suddenly in front of a unique opportunity

globinfo freexchange

In the merciless endo-capitalist war around Brexit, Boris Johnson decided to unleash the ultimate threat against Bremain capitalist faction. That is, a snap election with the 'danger' of a Labour victory under Jeremy Corbyn, which would be neoliberal capitalists' worst nightmare.
As already pointed out, despite the capitalist civil war, both major factions of the British capital remain deeply neoliberal in their ideological core. And therefore, both factions see a potential Labour government under Jeremy Corbyn, as a major threat.
Indeed, as ZeroHedgereported
As Prime Minister Boris Johnson faces the prospect of his rule being cut short, wealthy Britons have a message for Johnson's most likely successor: A 'no deal' Brexit makes no difference to them. But if Labour leader Jeremy Corbyn becomes PM, they will flee in droves, taking their money with them

[...]

The chairman of one Swiss asset manager who helps wealthy Britons shield th…

Tucker Carlson accidentally promotes one of the most anti-capitalist, real-Left positions!

globinfo freexchange 
We wouldn't believe it if we wouldn't have seen it and hear it with our own eyes and ears, but the following phrase came out from Tucker Carlson's mouth:

                    Every minute you are angry about race, is a minute you are not thinking about class, which, of course, is the real divide in this country. Working class people of all colors have a lot more in common - infinitely more in common with each other, than they do with some overpaid MSNBC anchor. And if you are allowed to think about that for long enough, you might start get unauthorized ideas about economics. And that would be disruptive to a very lucrative status quo. So, they whip you into a frenzy of racial fear so that it never enters your mind. It's a diversion. Everyone hates each other, they get to keep their money.
Here's why they're pushing racial division: so you won't notice the real divide, which is economic. pic.twitter.com/ZVLvQn2u9O — Tucker Carlson (@Tuck…

Roger Waters for Julian Assange

globinfo freexchange
On Monday, 3 Sept, Roger Waters of Pink Floyd will perform his classic 'Wish You Here' for Julian Assange outside the Home Office (interior ministry) in Marsham Street in the heart of London. John Pilger will be speaking. Join us at 6pm in solidarity with Britain's political prisoner.

On Monday, 3 Sept, Roger Waters of Pink Floyd will perform his classic 'Wish You Here' for Julian #Assange outside the Home Office (interior ministry) in Marsham Street in the heart of London. I will be speaking. Join us at 6pm in solidarity with Britain's political prisoner. pic.twitter.com/Lytg2GCZVQ — John Pilger (@johnpilger) August 30, 2019


Καταιγίδα επιχειρήσεων αποπροσανατολισμού από το Μητσοτακικό καθεστώς με τη βοήθεια της τραπεζομιντιακής χούντας

globinfo freexchange

Ο μηχανισμός του εγχώριου νεοφιλελεύθερου καθεστώτος επιδόθηκε τις τελευταίες μέρες σε έναν καταιγισμό επιχειρήσεων αποπροσανατολισμού προς τέρψιν του πόπολου, το οποίο έδωσε αυτοδυναμία στην πολιτική του συνιστώσα. Δηλαδή, στη χειρότερη δεξιά της μεταπολίτευσης.
Μετά το ταξίδι Μητσοτάκη στη Γαλλία, όπου είδαμε ένα χιλιοπαιγμένο έργο, το σόου του αποπροσανατολισμού ξεκίνησε από το Μάτι. Εκεί είχαμε ένα διπλό χτύπημα. Από τη μια τον Μητσοτάκη να ποζάρει στα καμμένα, διατυμπανίζοντας τη δήθεν αποτελεσματική του κυβέρνηση. Από την άλλη, την διαφήμιση των "καλών ιδιωτών", οι οποίοι ως καλοί Σαμαρείτες, ανέλαβαν δήθεν αφιλοκερδώς (Αφιλοκερδώς ΑΕ, όπως έλεγε και ο αξέχαστος Τζιμάκος), να καθαρίσουν την περιοχή από την επικίνδυνη καύσιμη ύλη.
Αμέσως μετά, απολαύσαμε άλλη μια κωμωδία από τις δυνάμεις καταστολής που έκαναν έφοδο στα Εξάρχεια για να τα "καθαρίσουν" από τους μετανάστες. Οι νεοφιλέλεδες της δεξιάς και τα ακροδεξιά δεκανίκια τους είναι μανο…

Citibank blocks funds for insulin: more than 450,000 Venezuelans affected

The US bank Citibank blocked, in August this year, part of the funds destined to import 300 thousand doses of insulin, a criminal act that affects more than 450 thousand patients, the Venezuelan Ministry of Economy and Finance reported.

On the other hand, the BSN Medical laboratory, based in Colombia, after receiving payment for the purchase of 2 million units of antimalarial treatment, denied the clearance of the drugs.
The ministry indicated that this fact caused the Swiss bank UBS AG to block the transactions made by the country with the Pan American Health Organization (PAHO), destined for the purchase of vaccines for the immunization program.
Given this circumstance, Venezuela and PAHO sought alternatives with banks from other countries, although this situation led to a 4 month delay in the immunization program.

The national government also revealed that other pharmaceutical transnationals such as Pfizer and Novartis refuse to sell medicines, reagents and supplies to Venezuela.
F…

Ο πραγματικός λόγος που ο Μπόρις Τζόνσον πιέζει για Brexit χωρίς συμφωνία

globinfo freexchange

Το Βρετανικό πολιτικό τοπίο μοιάζει να γίνεται όλο και πιο χαοτικό όσο πλησιάζουμε την 31η Οκτωβρίου, ημερομηνία-τελεσίγραφο που έχει ορίσει ο τωρινός Βρετανός πρωθυπουργός, Μπόρις Τζόνσον, ο οποίος μάλιστα απειλεί με ένα Brexit χωρίς συμφωνία. Ολόκληρη η χώρα φαίνεται να βρίσκεται υπό το καθεστώς μιας γενικής νευρικής κρίσης, με τα διάφορα στρατόπεδα υπέρ και κατά του Brexix, το καθένα για τους δικούς του λόγους, να έχουν λάβει θέσεις μάχης σε μια "όλοι εναντίον όλων" κατάσταση. 
Όπως ανέφερε η Εφημερίδα των Συντακτών:  
«Στις Βρυξέλλες και στο Λονδίνο ένα ερώτημα ακούγεται όλο και πιο δυνατά: Mπορεί να αναχαιτιστεί ο Μπόρις Τζόνσον;»… Καυτή και εύλογη η απορία που μετέφερε χθες το πρακτορείο Associated Press, καθώς εντείνεται ραγδαία η ανησυχία και στις δύο πλευρές της Μάγχης πως ο νέος, σκληροπυρηνικός μπρεξιστής, πρωθυπουργός του Ηνωμένου Βασιλείου όχι μόνο δεν μπλοφάρει επιμένοντας πως θα βγάλει τη χώρα από την Ε.Ε. στις 31 Οκτωβρίου με ή χωρ…

The untold Socialist history of the United States

globinfo freexchange

Abby Martin spoke with renowned Marxist Economist Richard Wolff to discuss the growing popularity of Socialism under Trump and its historical roots in America, misconceptions about Russia and China’s economic success and Marx’s theory of alienation and monopoly capitalism.

Wolff explains:

A hundred years ago, 1916 to be precise, was the first time that the Socialist Party of America put forward a candidate for president. His name was Allan Benson and he ran for president a hundred years ago and he got 600,000 votes in the United States. That worked out to three percent of the vote.
The Socialist Party thought that was a good beginning, so they ran again four years later, in 1920, little less than a hundred years ago, and they had a different candidate. A man named Eugene Victor Debs, a head of the railway Workers Union, very good orator. And he did better. He got 900,000 votes. That's a 50% increase in four years, four percent of the total vote.
Four yea…

US sanctions on Venezuela are 'sociopathic'

The Grayzone
The Grayzone's Max Blumenthal discusses his heated exchange with a former Obama official and a member of Venezuela's far-right opposition over the basis for crippling US sanctions on Venezuela. Max also recounts his recent reporting trip to Venezuela, where he witnessed the impact of US economic warfare and the Venezuelan people's defiant resistance.