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by coldtea 173 days ago
>but they also have had time to earn that wealth fair and square

By pawning the future of their country and its economy: printing money, making the economy a casino and getting trillion dollar bailouts, outsourcing industry, basing the web on ad revenue, making a God out of the stock market and enshittifying everything in the process...
1 comments
fuzzfactor 173 days ago
All this 21st century activity you're pointing out was mainly carried out by those about 20 years younger than the youngest baby boomers.

All we had were multi-million-dollar bailouts to go with that.

You know, the value of the dollar and all.

There was major presidential malfeasance and this thing called "inflation" back then too. It was devastating with no actual recovery since. Or young people wouldn't be complaining now.

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coldtea 173 days ago
The activity I describe started well before the 21st century.

Remember "yuppies" - the boomer ideology that dialed up consumerism and financialization of all aspects of life. Reaganomics? The 1989, 2000, and 2008 crashes? The Great Outsourcing? Also in the eve of 21st century, boomers were merely from 40 to 54, so well represented in all positions of power and business. Clinton and Bush J were boomers. And Boomers got more entrenched as time went by and as they reached their 50s and 60+ for the later ones.

Same in Europe too, were e.g. people like the French 68'rs (the youth of the late 60s student revolts, roughly similar to the same era youth in the US later turned yuppies), have been running things since the early 80s in the most selfish, destructive, and narcissistic ways.

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fuzzfactor 173 days ago
Agree completely.

These are the significant minority that prevailed both in the US and Europe.

There's always been plenty of them, and they have had some remarkable windfalls.

Who else was left with any chance of power to prevent your prominent, legendary old-timers from doing the damage they did?

Too many times they couldn't really be stopped from taking the reins any time they could, and steering things to their own advantage more so than anything else.

The great majority of everybody else was brought to the edge of ruin by all those financial disaters not of their own making.

Just like the decades-younger crowd today, it's the same type of greed playing out in the same way.

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