The China Mail - Boomers: Selfish or Scapegoats?

USD -
AED 3.672502
AFN 66.737984
ALL 83.174731
AMD 382.481965
ANG 1.790403
AOA 917.00032
ARS 1429.811398
AUD 1.515737
AWG 1.80125
AZN 1.692558
BAM 1.680652
BBD 2.013396
BDT 121.748022
BGN 1.680245
BHD 0.376994
BIF 2945.252856
BMD 1
BND 1.295062
BOB 6.908049
BRL 5.336301
BSD 0.999643
BTN 88.664321
BWP 13.308816
BYN 3.397906
BYR 19600
BZD 2.010474
CAD 1.394025
CDF 2409.999665
CHF 0.800803
CLF 0.024241
CLP 950.970282
CNY 7.1195
CNH 7.132625
COP 3889.25
CRC 503.091154
CUC 1
CUP 26.5
CVE 94.752581
CZK 20.92985
DJF 178.009392
DKK 6.41255
DOP 62.587805
DZD 130.10199
EGP 47.5593
ERN 15
ETB 145.326837
EUR 0.858889
FJD 2.25845
FKP 0.743972
GBP 0.745581
GEL 2.720241
GGP 0.743972
GHS 12.346666
GIP 0.743972
GMD 72.000138
GNF 8669.837301
GTQ 7.659951
GYD 209.157741
HKD 7.780445
HNL 26.234636
HRK 6.469796
HTG 130.8037
HUF 335.879501
IDR 16522.7
ILS 3.280395
IMP 0.743972
INR 88.76345
IQD 1309.639916
IRR 42074.999399
ISK 121.450209
JEP 0.743972
JMD 160.001031
JOD 0.708947
JPY 152.499499
KES 129.399323
KGS 87.45028
KHR 4013.558973
KMF 423.999995
KPW 900.00029
KRW 1418.975023
KWD 0.30646
KYD 0.833076
KZT 540.094177
LAK 21677.843987
LBP 89517.917521
LKR 302.493137
LRD 182.45017
LSL 17.161748
LTL 2.95274
LVL 0.60489
LYD 5.436431
MAD 9.11022
MDL 16.968478
MGA 4468.064082
MKD 52.930211
MMK 2099.241766
MNT 3597.321295
MOP 8.014058
MRU 39.931088
MUR 45.749782
MVR 15.296617
MWK 1733.358538
MXN 18.328215
MYR 4.214502
MZN 63.849611
NAD 17.162559
NGN 1471.420595
NIO 36.784513
NOK 9.970235
NPR 141.851943
NZD 1.724425
OMR 0.384501
PAB 0.999729
PEN 3.441994
PGK 4.196579
PHP 57.884999
PKR 283.146033
PLN 3.653132
PYG 6980.550865
QAR 3.644793
RON 4.3725
RSD 100.591989
RUB 81.450367
RWF 1450.488265
SAR 3.750773
SBD 8.271757
SCR 14.841833
SDG 601.499565
SEK 9.420755
SGD 1.294435
SHP 0.785843
SLE 23.215032
SLL 20969.503664
SOS 571.315641
SRD 38.152501
STD 20697.981008
STN 21.051637
SVC 8.747508
SYP 13001.812646
SZL 17.15307
THB 32.590279
TJS 9.29738
TMT 3.51
TND 2.935684
TOP 2.342096
TRY 41.721498
TTD 6.788341
TWD 30.496998
TZS 2454.078045
UAH 41.452471
UGX 3433.830448
UYU 39.906678
UZS 12020.125202
VES 189.012825
VND 26347
VUV 121.219369
WST 2.770863
XAF 563.628943
XAG 0.020452
XAU 0.000249
XCD 2.70255
XCG 1.80166
XDR 0.700971
XOF 563.626521
XPF 102.482137
YER 239.00032
ZAR 17.162545
ZMK 9001.198718
ZMW 23.711876
ZWL 321.999592
  • CMSC

    -0.0300

    23.71

    -0.13%

  • RBGPF

    -1.4100

    75.73

    -1.86%

  • SCS

    -0.0700

    16.79

    -0.42%

  • RELX

    0.4000

    45.84

    +0.87%

  • NGG

    -0.2700

    73.61

    -0.37%

  • CMSD

    -0.0700

    24.33

    -0.29%

  • GSK

    -0.1500

    43.35

    -0.35%

  • RIO

    1.4500

    67.7

    +2.14%

  • BTI

    -0.3800

    51.6

    -0.74%

  • BP

    -0.4500

    34.52

    -1.3%

  • RYCEF

    0.0200

    15.41

    +0.13%

  • BCE

    -0.0600

    23.23

    -0.26%

  • JRI

    0.0500

    14.12

    +0.35%

  • AZN

    -0.4900

    85.38

    -0.57%

  • BCC

    1.9000

    76.42

    +2.49%

  • VOD

    0.0000

    11.27

    0%


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.