Moral Maze

Global Capitalism and the ‘Lost Generation’

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Synopsis

By November, 1 million young people in the UK will be unemployed, according to a report out this week from the newly-launched Alliance for Full Employment. It has the backing of the former Prime Minister and Chancellor Gordon Brown, who warned of a “lost Covid generation” of young people with no prospects and nothing to do. The cost, he says, is more than just a financial one: “It destroys self-worth; it hurts family life; it shatters communities”. So what should our moral obligation be to this generation? A parallel has been drawn with the post-war period which saw the birth of the Welfare State. While there is widespread support for short-term financial help, there are those who caution against what they see as writing off an entire generation as ‘lost’, or institutionalising state dependency; they believe that the pandemic has merely accelerated inevitable economic change from which a brighter future can emerge. There are many young people who don’t share that optimism, and point to how the Covid crisis ha