What social safety net does is provide a glimmer of hope for what a democratic socialist society might look like. It makes the claim that without social provisions, without a welfare state, without a social contract, society can't survive. We need a foundation for people - economically, politically, and socially - where what the Right considers "entitlements" are really rights.

Any society's insistence on how it takes democracy seriously can, in fact, be measured by the way it treats its children. And if we take that index as a measure of the United States, it's utterly failing. You have young people basically who - in schools that are increasingly modeled after prisons. You have their behavior being increasingly criminalized. And one of the most atrocious of all acts, you have the rise of debtors' prisons for children.

Youth no longer inhabit the privileged space, however compromised, that was offered to previous generations. They now occupy a neoliberal notion of temporality of dead time, zones of abandonment and terminal exclusion marked by a loss of faith in progress and a belief in those apocalyptic narratives in which the future appears indeterminate, bleak and insecure.

We're talking about race. It's ideology, it's a mode of policy. It's a practice. And it intertwines with class in a very specific way to create something very distinctive that we see now being legitimated in the United States by fascists who absolutely are unapologetic about what they're saying.

Young people refuse the notion that financialization defines the only acceptable definition of exchange, one that is based exclusively on the reductionist notion of buying and selling.

You can't wait neoliberalism out, because the class war will become more consolidated; the punishing state will increase. They'll increasingly solve problems by putting more people in jail and by criminalizing all kinds of behaviors and by appealing to racist attitudes about immigrants, blacks, minorities. They'll just intensify class warfare, that's all. It'll get to the point where the true nature of the authoritarian state will be obvious.

Economics now drives politics. This gives us a system in which the relationship between power and politics is no longer fused. Power is global. We have an elite that now floats in global flows. It could care less about the nation-state, and it could care less about traditional forms of politics. Hence, it makes no political concessions whatsoever. It attacks unions, it attacks public schools, it attacks public goods. It doesn't believe in the social contract.