‘Blame the Boomers’ for Surging House Prices, Barclays Says
bloomberg.com
bloomberg.com
Just blame old people who have worked hard their entire lives, and never knew the conveniences and luxuries that the younger generation now takes for granted.
The article does two things extremely well. It is shores up the stereotype of young people not taking responsibility for their own shitty decisions, and it absolves leadership of the consequences of social engineering.
That was the boomers, whi right when they became politically dominant fostered that as the primary mechanism for college affordability.
> And don't blame the people who made poor decisions, despite the volumes of information available.
You mean the people that shifted the tax burden from the rich to the working class (including and especially the middle-income segment sometimes mistakenly referred to as the middle class) toward the end of the political domination of the Silent Generation, which was doubled down on during the political domination of the Boomers?
> Just blame old people who have worked hard their entire lives, and never knew the conveniences and luxuries that the younger generation now takes for granted.
The last generation where asubstantial share of private-sector retirees have defined-benefit pensions, as a result of policies adopted under their and the preceding generations domination. Talk about things taken for granted that newer generations don’t get.
The Silent Generation and Boomers — well, predominantly the White subset of each — systematically dismantled, by targeted policy, the strength of the American working class in favor of capital, and did so largely in response (if you look at the political messaging of thr 70s-90s of the elements in both major parties that led it) to messaging appealing to their racial resentment in the wake of the advances of civil rights just prior (from the War on Drugs to Welfare Queens, from Willie Horton to “superpradators” and the Sister Souljah moment.)