The China Mail - Boomers: Selfish or Scapegoats?

USD -
AED 3.672503
AFN 65.000344
ALL 83.046202
AMD 380.302627
ANG 1.79008
AOA 917.000033
ARS 1453.506297
AUD 1.496412
AWG 1.8
AZN 1.705167
BAM 1.680508
BBD 2.015621
BDT 122.296069
BGN 1.67937
BHD 0.377015
BIF 2962.361503
BMD 1
BND 1.288928
BOB 6.915218
BRL 5.396798
BSD 1.000765
BTN 90.379014
BWP 13.373317
BYN 2.912404
BYR 19600
BZD 2.0127
CAD 1.38971
CDF 2199.999803
CHF 0.800702
CLF 0.02247
CLP 881.485792
CNY 6.97375
CNH 6.9679
COP 3670
CRC 497.074265
CUC 1
CUP 26.5
CVE 94.744847
CZK 20.836198
DJF 178.207783
DKK 6.420485
DOP 63.721742
DZD 129.961758
EGP 47.314798
ERN 15
ETB 155.86393
EUR 0.85925
FJD 2.279499
FKP 0.743872
GBP 0.74454
GEL 2.679853
GGP 0.743872
GHS 10.783547
GIP 0.743872
GMD 72.999762
GNF 8759.908062
GTQ 7.673074
GYD 209.372664
HKD 7.79734
HNL 26.39692
HRK 6.4742
HTG 130.983017
HUF 331.878988
IDR 16880.5
ILS 3.15175
IMP 0.743872
INR 90.31655
IQD 1311.033111
IRR 42125.000158
ISK 125.449725
JEP 0.743872
JMD 157.783487
JOD 0.708999
JPY 158.409764
KES 129.000169
KGS 87.448304
KHR 4028.114313
KMF 423.505509
KPW 899.976543
KRW 1469.924993
KWD 0.30799
KYD 0.833985
KZT 510.830806
LAK 21631.351927
LBP 89618.109407
LKR 309.741281
LRD 180.141088
LSL 16.420581
LTL 2.95274
LVL 0.60489
LYD 5.438173
MAD 9.212501
MDL 17.108389
MGA 4639.932635
MKD 52.898208
MMK 2100.072735
MNT 3563.033319
MOP 8.037102
MRU 39.805834
MUR 46.19938
MVR 15.449865
MWK 1735.678504
MXN 17.808415
MYR 4.050496
MZN 63.910042
NAD 16.420722
NGN 1423.419513
NIO 36.826526
NOK 10.06818
NPR 144.606078
NZD 1.742161
OMR 0.38448
PAB 1.00076
PEN 3.361789
PGK 4.27212
PHP 59.42802
PKR 280.064014
PLN 3.61909
PYG 6792.34583
QAR 3.64862
RON 4.372294
RSD 100.820098
RUB 78.502011
RWF 1459.086964
SAR 3.750397
SBD 8.123611
SCR 14.403437
SDG 601.501494
SEK 9.200895
SGD 1.28769
SHP 0.750259
SLE 24.149925
SLL 20969.499267
SOS 570.969488
SRD 38.292012
STD 20697.981008
STN 21.051275
SVC 8.756546
SYP 11059.574895
SZL 16.414191
THB 31.473499
TJS 9.30212
TMT 3.51
TND 2.92986
TOP 2.40776
TRY 43.191609
TTD 6.793205
TWD 31.598018
TZS 2504.999891
UAH 43.224066
UGX 3562.437168
UYU 38.760622
UZS 12056.899078
VES 338.72556
VND 26271
VUV 121.157562
WST 2.784721
XAF 563.628943
XAG 0.011261
XAU 0.000217
XCD 2.70255
XCG 1.803637
XDR 0.700974
XOF 563.628943
XPF 102.473331
YER 238.449887
ZAR 16.419803
ZMK 9001.203383
ZMW 19.740336
ZWL 321.999592
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    -0.2100

    81.36

    -0.26%

  • CMSC

    0.0100

    23.4

    +0.04%

  • RYCEF

    -0.4500

    17.04

    -2.64%

  • BCC

    0.1800

    84.05

    +0.21%

  • CMSD

    0.0080

    23.908

    +0.03%

  • GSK

    0.8900

    50.79

    +1.75%

  • AZN

    1.8300

    96.34

    +1.9%

  • NGG

    0.8000

    78.88

    +1.01%

  • BCE

    0.5000

    24.22

    +2.06%

  • RIO

    2.2900

    85.88

    +2.67%

  • JRI

    -0.0600

    13.76

    -0.44%

  • VOD

    0.1900

    13.37

    +1.42%

  • RELX

    -0.2700

    41.92

    -0.64%

  • BTI

    0.8200

    57.44

    +1.43%

  • BP

    0.4600

    35.82

    +1.28%


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.