Comment Making it a generational war won't help (Score 4, Insightful) 238
Making this a generational war isn't going to help. It deflects from the real culprits: The financial industry and the colleges themselves. The incentive for the finance biz was obvious. It's another payment stream, and they got the cherry on top of it not being discharged in bankruptcy. The incentive for colleges is that when education is financed, it now makes it possible for them to raise tuition and other expenses. When you pay out of pocket, you're cost conscious. When something is financed, you're tempted to price it according to whatever payment you think you can afford in the future. Even if you don't, other people do and that will allow prices to rise. You're a price-taker in the market. You have no choice, except to turn away or maybe go with something cheaper and perhaps less prestigious; but that's going up too because everything is financed.
So it's not inter-generational conflict. That's deflection, and before some young socialist yells "class war!" that's not it either. Everybody is greedy. Socialism is just an alternative marketing plan developed by another bunch of suits, with an aim of going straight for power and relying less on money to get there.
So what's the answer? Rooting out corruption and greed, without regard for the cynical fronts of "generational war" or "class war", or whatever "war" is being pitched to accrue power to yet another bad actor.