Wednesday, April 17, 2024
HomeLaura PerrinsLaura Perrins: It’s socialism that has screwed the can’t-buy-a-home graduates

Laura Perrins: It’s socialism that has screwed the can’t-buy-a-home graduates


All is lost, we are told in the Times, the Young will never vote for the Tories again. The divide between the generations over Brexit and ‘equality’ is too great. And by young we mean anyone up to the age of 47: ‘the “crossover” point at which people were more likely to vote Tory than Labour was a solidly middle-aged 47’.

A recent YouGov poll found that Labour had a 52-point lead over the Conservatives among people aged 18 to 24, with 66 per cent saying they would vote for Mr Corbyn’s party compared with 14 per cent for Mrs May’s.

It is all true: the Tories are stuffed when it comes to the youth vote and it does not matter how much socialist sucking up they do, how much embracing of the latest crazy Leftist fad (such as transgenderism) they do, the youth will never come to their senses and vote Conservative again.

This is not because the youth – a third of whom, unbelievably, wish they had grown up in their parents’ generation – are idealists.
It is because they are, as economist Joseph Schumpeter once explained, ‘intellectual complainers’.

Let’s be clear: this generation are the most privileged ever to walk God’s earth, at least materially speaking. They instead would have preferred to grow up at a time when 20 per cent of homes in Britain had no running water or maybe in 1961, when the early Boomers were becoming teens and 22 per cent of households didn’t have a hot tap.

In the 1960s, five per cent of 18-year-olds went to university; today, 43 per cent do. These university-educated youth don’t – it seems – appreciate the internet, smartphones, the dual-income family, online delivery, and entertainment whenever you want. No, supposedly this generation have had it tough.

Now I agree something needs to be done about housing. But to say that in your twenties you are entitled to a house seems a bit grabby. Sure, the interest on student loans is punitive and should be reformed. However, what we are seeing here are the university-educated chickens coming home to roost.

I have already written that the Blair legacy of pushing 50 per cent of students into university triggered this mass embrace of socialism. What this change has done is created an entire generation of entitled, ‘intellectual complainers’.

The economist Schumpeter was an arch-capitalist and understood how free markets bring prosperity and how socialism smothers it. But he also knew human nature and predicted that eventually, as the public got fat on capitalism, it would take the market for granted and start demanding socialism.

These fattened, intellectual complainers, with their closeted lives and their sense of entitlement ‘because they were smart having gone to university’, would blame the market if it did not give them what they felt they were worth. And that is what we have with the Corbynistas: an army of selfish, spoilt socialists.

I can understand why on an individual level if you have been funnelled down the road to university, incurred close to £50,000 of debt, and believe you are now superior and skilled, it might come as bit of a shock if in fact the market has no use for your film degree, or indeed creative writing degree.
(I am not sure the taxpayer should be lending anyone nearly £28,000 over three years for fees alone to study for either of these degrees . . .)

But, you say, I am university educated, I did everything they told me to, I worked hard and yet here I am, in my childhood bedroom up to my neck in debt. Sure, if that was me, I’d be angry too.

Materially speaking, even with this level of debt, you are richer than any previous generation. You have universal health care even if you never work a day in your life. Still, the sense of the injustice of it all could drive any otherwise sane person into the arms of Jeremy Corbyn.

The market has screwed me over, you tell yourself. And I have a degree – I am an intellectual! But it was not the market that screwed you over; it was socialism and you just don’t know it because your socialised education system has told you otherwise.

It is the socialist regulatory burden that has stifled the entrepreneurs who might just have had use for arts degrees. Hell, if the innovation that socialism strangled had developed, far fewer would have gone to university in the first place. But off you went and you are a proper socialist now. You deserve the house, the job and everything else, whether you can earn it or not. And if you cannot – it is not your fault, which in a way it is not. Now you will blame the market, when it is market-killing socialism that has done this to you in the first place.

Young people voting for Corbyn is like turkeys voting for Christmas. The tighter the State wraps its tentacles around the market – with its regulation, its central planning and its redistribution – the more companies it kills, the more jobs it destroys. This creates a vicious socialist circle: the worse things get, the more people demand market intervention. Politicians, being short-termist idiots, pander to this madness and give in to these illogical demands. In truth, the massive Corbyn youth vote was a mass exercise in Stockholm Syndrome.

But don’t expect the Conservative party to point any of this out any time soon – they are too busy wanting to look nice to explain the opportunity-creating glory of the market. Meanwhile, the youth of today are still stuck in the box-room jail. And they have just handed the keys to the hostage-takers-in-chief – Corbyn and McDonnell. I can’t watch.

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