Throughout the developed world, record levels of youth unemployment are spreading feelings of hopelessness across an entire generation. Yet what is striking is that policy makers hardly seem to care.
It is only part of the answer to observe that not everyone is suffering equally: for much of wealthy northern Europe, for instance, it hardly registers. And although it is true that in some of the badly affected countries the figures have been pretty high for several decades now, the crisis has made them much worse. The real problem is not economic; it is political. An epoch of some two centuries is ending, and the young are the main losers.