I really wish I had enough time to comment on every single post (I'm full of comments), none of them are wrong as such but they all contain elements of error (no doubt so does mine), but I guess that's the point, to create intelligent conversation through disagreement, it makes us more passionate.
Anyway, to the point:
The current generation is always going to shock the previous one, it's their nature, zoozilla said that the current generation is more apathetic than the last, hippies were usually drugged complaining about the world and doing very little to change it, the previous generation would race off to the closest war, not to change the world but because it was something to do, grunge culture was angry at everything but nothing merely complaining and whining, just like today's emo culture. Whereas the rest of our youth, the party maniacs they're not new, they've always been there, wearing progressively shorter skirts and smaller tops, getting progressively more drunk and drug-hammered (though smoking is on the decline). I notice I didn't mention the guys, that's because they don't change, they're almost always mesogynistic (in decreasing amounts, but still...) and compete for the women's attention, while the girls progress to shock each other and society to get attention, the men don't even have that insight.
The closest society ever got to a passionate generation was during the punk movement, they tried to change things, sure, they advocated anarchy, but that's because of the rigid control of the time and those who weren't full-on punks were usually travelling the world, learning things, it was the dawn of the information age and people were discovering how much they could know, it was glorious. You still had the occasional sheltered children, mostly conservative right wing families bringing up their children in fear of the changing generation, just prolonging the problem of the generation gap, by extending the lifetime of an obsolete generation, but these were a minimal part of life.
Now that the information age has well and truly reached its peak the youth have become desensitized by too much of it, though some just get drugged by the overwhelming amounts of misinformation, the few that do get real information just wonder what the point of trying to change anything is as there is just too much and not enough people who care.
I know I got a little carried away there, but I get passionate when a debate arises.
Anyway, the crux of my argument is this (even if it doesn't surface even once in the above article) the current generation is fine, they'll adapt and learn to take care of themselves when the time comes. Most of our problems arise from sensationalism (like the current "stock market crash" if people ignored it and were willing to make a few losses, it would go away and pretend it never existed, but stupid sensationalism makes it a bigger problem, sorry about this, back to the point). The most important thing is to bring up your children as best as you can, let them learn from your mistakes so that when they make the same ones, they will be more prepared and know what to do (sortof) that's the main issue with the current generation, their parents shelter them, but they don't tell them about their own mistakes.
Brief summary:
generation Y (or is it z now?) is fine, they'll grow up and out of it, every generation sucks at the start, so leave them alone. (well not litereally, help them out, but don't sensationalise the issue)
the above poster was saying that he was going to use v chip and stuff, if they're going to see it anyway, stopping them from seeing it more is not the answer, instead let them see it, then explain it to them, not what it's about, but put it in context, that it's not good, don't demonise it or they'll just rebel but put it in the right light, be a parent go'damn it