The Japan Times - Boomers: Selfish or Scapegoats?

EUR -
AED 4.356047
AFN 77.098481
ALL 96.578527
AMD 452.626632
ANG 2.123261
AOA 1087.678352
ARS 1715.600908
AUD 1.704695
AWG 2.137993
AZN 1.999161
BAM 1.954172
BBD 2.404706
BDT 145.89842
BGN 1.991946
BHD 0.447184
BIF 3537.212006
BMD 1.186127
BND 1.512065
BOB 8.250125
BRL 6.229061
BSD 1.193769
BTN 109.639559
BWP 15.620206
BYN 3.400581
BYR 23248.08086
BZD 2.401209
CAD 1.617438
CDF 2686.576759
CHF 0.919966
CLF 0.026042
CLP 1028.620629
CNY 8.245655
CNH 8.233
COP 4365.432106
CRC 591.217294
CUC 1.186127
CUP 31.432354
CVE 110.173654
CZK 24.292224
DJF 212.603729
DKK 7.469413
DOP 75.168628
DZD 153.797369
EGP 55.865719
ERN 17.791899
ETB 185.472969
FJD 2.643523
FKP 0.865581
GBP 0.865748
GEL 3.196593
GGP 0.865581
GHS 13.079156
GIP 0.865581
GMD 86.586829
GNF 10476.446395
GTQ 9.157446
GYD 249.783955
HKD 9.263957
HNL 31.513271
HRK 7.530128
HTG 156.252426
HUF 380.977331
IDR 19896.087161
ILS 3.678244
IMP 0.865581
INR 108.546592
IQD 1564.096604
IRR 49965.582138
ISK 145.003895
JEP 0.865581
JMD 187.097242
JOD 0.840975
JPY 183.613613
KES 153.010627
KGS 103.726642
KHR 4801.080108
KMF 492.242217
KPW 1067.513917
KRW 1719.521766
KWD 0.364259
KYD 0.994962
KZT 600.464557
LAK 25693.805403
LBP 106915.75543
LKR 369.223874
LRD 215.202481
LSL 18.957162
LTL 3.502324
LVL 0.717476
LYD 7.491789
MAD 10.829975
MDL 20.081435
MGA 5335.576238
MKD 61.632744
MMK 2490.84975
MNT 4228.096728
MOP 9.600999
MRU 47.638105
MUR 54.146602
MVR 18.337513
MWK 2070.283514
MXN 20.610384
MYR 4.675664
MZN 75.627679
NAD 18.956843
NGN 1655.726718
NIO 43.93413
NOK 11.465076
NPR 175.424773
NZD 1.97085
OMR 0.455869
PAB 1.193905
PEN 3.991774
PGK 5.110849
PHP 69.833205
PKR 333.990265
PLN 4.218222
PYG 7997.369327
QAR 4.352991
RON 5.095554
RSD 117.395701
RUB 90.860355
RWF 1741.992418
SAR 4.448418
SBD 9.550233
SCR 17.126513
SDG 713.488038
SEK 10.583212
SGD 1.506975
SHP 0.889902
SLE 28.852557
SLL 24872.480335
SOS 682.342894
SRD 45.132709
STD 24550.425312
STN 24.480116
SVC 10.446207
SYP 13118.055685
SZL 18.949053
THB 37.482821
TJS 11.145306
TMT 4.151443
TND 3.430356
TOP 2.855908
TRY 51.566909
TTD 8.106279
TWD 37.45728
TZS 3061.380922
UAH 51.171573
UGX 4268.46099
USD 1.186127
UYU 46.331976
UZS 14595.836966
VES 410.330299
VND 30863.013469
VUV 141.334941
WST 3.215329
XAF 655.427395
XAG 0.014439
XAU 0.00025
XCD 3.205566
XCG 2.151707
XDR 0.815124
XOF 655.413592
XPF 119.331742
YER 282.683658
ZAR 18.992887
ZMK 10676.554577
ZMW 23.430574
ZWL 381.932273
  • RBGPF

    1.3800

    83.78

    +1.65%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0500

    23.76

    +0.21%

  • NGG

    0.2000

    85.27

    +0.23%

  • BCC

    0.5100

    80.81

    +0.63%

  • BCE

    0.3700

    25.86

    +1.43%

  • RELX

    -0.3700

    35.8

    -1.03%

  • RIO

    -4.1000

    91.03

    -4.5%

  • RYCEF

    -0.4300

    16

    -2.69%

  • AZN

    0.1800

    92.77

    +0.19%

  • VOD

    -0.0600

    14.65

    -0.41%

  • GSK

    0.9400

    51.6

    +1.82%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • JRI

    0.1400

    13.08

    +1.07%

  • BP

    -0.1600

    37.88

    -0.42%

  • BTI

    0.4600

    60.68

    +0.76%


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.