Are young people really this cynical -
People under 30 tend to be incredibly cynical about the future. My hunch is that if you asked them whether any once-august but increasingly maligned institution will be around in 40 years--functional public schools, a reliable healthcare system, an objective media, sit-coms, music videos, the Brooklyn Dodgers (oh wait...)--a majority would probably tell you "no". It's just their natural reflex
Personally I think public schools will stick around and that the music video will never die, but I'm pretty sure the healthcare system and the objective media are doomed.