Why Young Americans Are Rejecting Capitalism | Office Hours
Scott Galloway explains why young Americans are turning against capitalism, tracing it to tax policy, generational wealth gaps, and regulatory failures around ultra-processed food.
The gist
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Boomers hold 52% of U.S. household wealth while the government spends 6 times more per senior than per child, Galloway says.
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Ultra-processed foods cause around 500 extra calories a day, yet food companies spend over $1.2 billion on lobbying, more than tobacco ever did.
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Young people wait 11 more years than boomers did to buy a home, partly because the tax code favors asset owners over wage earners.
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By 2035 the government is projected to spend 3 times more on debt interest than on children, making the fiscal picture worse for younger generations.
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Whole Foods
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