A lot of industry regulation has basically been regulatory capture since the start
Greed and power are not and never have been an age-related thing past early childhood. It's the human condition, not strictly a "boomer" thing.
We are watching world leaders get increasingly old which is having catastrophic impact on society.
Ask me how I know...
I understand your argument though, I've seen it spouted from thousands of young people, trying to blame old people for everything. But it's those same young people that don't fucking show up to vote.
Maybe try voting, and motivating your peers to vote, and then things can change for the better, but young people of voting age notoriously are "not political" or just can't be bothered. Talk about short-sighted, lol, young people are very much so, too.
Practically everyone is at fault for the mess we are in, not just "boomers".
I gave up driving in the 1990's because I could see the climate calamity coming that we're now in. I was in my 20's at the time. It caused a lot of social pain for me, but I accepted it because I didn't want to be part of the problem. I wasn't short-sighted, and now I'm pretty old, and all I see is short-sightedness from every age group. "I got mine" is not an old-person thing, it's everyone that cares more about themselves than others - and it takes a lot of effort to do the opposite.
Is that like saying "okay gold is 10x as expensive and nothing else changes"?
And as long as it's one big crash, at the end things stop inflating and all prices are higher and all wages are higher and everything is pretty much back to normal.