The China Mail - Boomers: Selfish or Scapegoats?

USD -
AED 3.67305
AFN 66.494756
ALL 82.950034
AMD 382.750166
ANG 1.790403
AOA 917.000208
ARS 1429.4913
AUD 1.520069
AWG 1.80125
AZN 1.699074
BAM 1.68162
BBD 2.014711
BDT 121.818158
BGN 1.685196
BHD 0.376972
BIF 2950
BMD 1
BND 1.295909
BOB 6.911999
BRL 5.355398
BSD 1.000305
BTN 88.715398
BWP 13.317627
BYN 3.400126
BYR 19600
BZD 2.011788
CAD 1.39616
CDF 2410.000242
CHF 0.8026
CLF 0.024238
CLP 950.740178
CNY 7.1195
CNH 7.152101
COP 3893.5
CRC 503.419902
CUC 1
CUP 26.5
CVE 94.749997
CZK 21.009202
DJF 177.719786
DKK 6.43528
DOP 62.69161
DZD 130.332023
EGP 47.561503
ERN 15
ETB 144.900199
EUR 0.86179
FJD 2.262959
FKP 0.743972
GBP 0.747685
GEL 2.715028
GGP 0.743972
GHS 12.459679
GIP 0.743972
GMD 72.49594
GNF 8675.000275
GTQ 7.664364
GYD 209.277331
HKD 7.781495
HNL 26.239975
HRK 6.489304
HTG 130.889175
HUF 337.31605
IDR 16602.1
ILS 3.280395
IMP 0.743972
INR 88.79365
IQD 1310
IRR 42060.000033
ISK 121.860215
JEP 0.743972
JMD 160.105585
JOD 0.709017
JPY 152.872504
KES 129.504341
KGS 87.449897
KHR 4020.999581
KMF 422.999919
KPW 900.00029
KRW 1424.590298
KWD 0.30654
KYD 0.833588
KZT 540.426209
LAK 21674.999992
LBP 89550.000124
LKR 302.688202
LRD 182.650183
LSL 17.24023
LTL 2.95274
LVL 0.60489
LYD 5.414986
MAD 9.114976
MDL 16.979567
MGA 4476.000336
MKD 53.09807
MMK 2099.241766
MNT 3597.321295
MOP 8.018916
MRU 39.874966
MUR 45.603383
MVR 15.298901
MWK 1736.501971
MXN 18.359345
MYR 4.215988
MZN 63.898444
NAD 17.239859
NGN 1470.049832
NIO 36.660071
NOK 9.99153
NPR 141.944637
NZD 1.731015
OMR 0.384497
PAB 1.000301
PEN 3.442502
PGK 4.183962
PHP 58.068985
PKR 281.200419
PLN 3.66519
PYG 6985.112356
QAR 3.640977
RON 4.390401
RSD 100.951991
RUB 81.452489
RWF 1448
SAR 3.750845
SBD 8.230542
SCR 14.435176
SDG 601.498985
SEK 9.451785
SGD 1.29658
SHP 0.785843
SLE 23.319894
SLL 20969.503664
SOS 571.498241
SRD 38.152503
STD 20697.981008
STN 21.43
SVC 8.752886
SYP 13001.812646
SZL 17.240123
THB 32.530509
TJS 9.302695
TMT 3.5
TND 2.920503
TOP 2.342099
TRY 41.70141
TTD 6.792514
TWD 30.577015
TZS 2454.077992
UAH 41.479736
UGX 3435.808589
UYU 39.929667
UZS 12049.999907
VES 189.012825
VND 26360
VUV 121.219369
WST 2.770863
XAF 563.999673
XAG 0.020276
XAU 0.000247
XCD 2.70255
XCG 1.802768
XDR 0.699711
XOF 562.999848
XPF 102.8501
YER 239.039905
ZAR 17.16635
ZMK 9001.198196
ZMW 23.727269
ZWL 321.999592
  • RBGPF

    -1.0800

    77.14

    -1.4%

  • CMSC

    -0.0300

    23.71

    -0.13%

  • BCC

    1.9000

    76.42

    +2.49%

  • RYCEF

    -0.1400

    15.4

    -0.91%

  • RELX

    0.4000

    45.84

    +0.87%

  • RIO

    1.4500

    67.7

    +2.14%

  • GSK

    -0.1500

    43.35

    -0.35%

  • SCS

    -0.0700

    16.79

    -0.42%

  • BTI

    -0.3800

    51.6

    -0.74%

  • NGG

    -0.2700

    73.61

    -0.37%

  • CMSD

    -0.0700

    24.33

    -0.29%

  • JRI

    0.0500

    14.12

    +0.35%

  • VOD

    0.0000

    11.27

    0%

  • AZN

    -0.4900

    85.38

    -0.57%

  • BCE

    -0.0600

    23.23

    -0.26%

  • BP

    -0.4500

    34.52

    -1.3%


Boomers: Selfish or Scapegoats?




The debate over whether the Baby Boomer generation—those born between 1946 and 1964—deserves the label of "the most selfish generation in history" has intensified in recent years. Critics argue that Boomers have prioritised their own comfort and prosperity at the expense of future generations, while defenders point to their contributions to social progress and economic growth. This article explores both sides of the argument, drawing on economic, social, and cultural factors to assess the validity of the claim.

A Generation of Prosperity
The post-World War II era was a time of unprecedented economic growth, particularly in Western nations. Boomers grew up in a period of relative stability and prosperity, benefiting from expanding educational opportunities, affordable housing, and a booming job market. This generation was the first to enjoy the fruits of modern consumer culture, with access to new technologies, healthcare advancements, and a welfare state that provided a safety net. However, this prosperity has been criticised as a double-edged sword. While Boomers thrived, they are accused of failing to address long-term challenges such as climate change, economic inequality, and the sustainability of social security systems. The argument goes that their focus on short-term gains has left younger generations—particularly Millennials and Generation Z—facing a future of environmental degradation, housing crises, and precarious employment.

The Burden of Debt
One of the most frequently cited examples of Boomer selfishness is their approach to public debt. Over the past few decades, national debts have soared in many countries, driven by policies that prioritised tax cuts, increased spending on entitlements, and economic stimulus measures. Critics argue that Boomers, who have held political and economic power during this period, have been complicit in passing on this financial burden to future generations. The rising cost of healthcare, pensions, and social security, combined with stagnating wages for younger workers, has fuelled resentment. In some nations, national debt has increased dramatically since the turn of the century, a period during which Boomers dominated leadership positions. This fiscal irresponsibility, some argue, reflects a generational disregard for the future.

The Housing Divide
Housing is another area where Boomers are accused of hoarding wealth. In many developed countries, property prices have skyrocketed, making homeownership increasingly unattainable for younger generations. Boomers, who bought homes when prices were relatively low, have seen their property values soar, creating a wealth gap that is difficult for Millennials and Gen Z to bridge. Over the past few decades, average house prices have risen significantly while wages have remained largely stagnant. This has led to accusations that Boomers have pulled up the ladder behind them, benefiting from policies that favoured property ownership while younger generations are left renting or struggling to save for deposits.

A Legacy of Progress
However, it would be unfair to paint the entire generation with the same brush. Boomers have also been responsible for significant social progress. The civil rights movements of the 1960s and 1970s, which fought for racial equality, gender rights, and LGBTQ+ inclusion, were largely driven by Boomer activists. Their contributions to technology, healthcare, and education have also been transformative. The digital revolution, which laid the foundation for the modern internet and communication technologies, was spearheaded by Boomer innovators. Moreover, many Boomers have engaged in philanthropy and community service, challenging the notion that they are universally selfish.

Generational Perceptions
Another important factor to consider is the role of generational differences in shaping perceptions of selfishness. Younger generations, facing economic uncertainty and environmental crises, may view Boomers' actions through a lens of frustration. However, it is worth noting that every generation has faced criticism from its successors. The Silent Generation, who preceded the Boomers, were often derided for their conformity and conservatism, while Millennials have been labelled as entitled and overly reliant on technology. This cyclical nature of generational criticism suggests that the "selfish" label may be more a reflection of changing societal values than an objective truth.

Structural Influences
Furthermore, the accusation of selfishness overlooks the structural factors that have shaped Boomer behaviour. The economic policies of the late 20th century, particularly the rise of neoliberalism, encouraged individualism and short-term thinking. Boomers, like all generations, were influenced by the prevailing ideologies of their time. The shift towards deregulation, privatisation, and globalisation was not solely a Boomer creation but a broader political and economic trend. To single out Boomers as uniquely selfish ignores the complex interplay of historical forces that have shaped modern society.

Conclusion
In conclusion, while there is evidence to suggest that the Boomer generation has benefited disproportionately from economic and social conditions, labelling them as "the most selfish generation in history" is an oversimplification. Their contributions to social progress and innovation cannot be ignored, nor can the structural factors that have influenced their behaviour. The intergenerational debate is likely to continue, but it is essential to approach it with nuance, recognising that each generation operates within the constraints and opportunities of its time.