Ancient Sparta turned its conquered neighbors into indentured serfs -- half free, half slave. The resulting Helot underclass produced the food of the Spartan state, freeing Sparta's elite males to train for war and the duties of citizenship.
Over the last few decades, we've created our modern version of these Helots -- millions of indebted young Americans with little prospect of finding permanent well-paying work, servicing their enormous college debts or reaping commensurate financial returns on their costly educations.
Student-loan debts now average about $25,000 per graduating senior. But the percentage of youths 16 to 24 who are working (about 49...










The new American Helots