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No, blame the electorate, which has significant contributions from all generations (but decreasing Boomers now). There is a doom loop of (western) democracies
by mikhailfranco 3y ago
No, blame the electorate, which has significant contributions from all generations (but decreasing Boomers now).
There is a doom loop of (western) democracies voting themselves welfare, wars, lower taxes, various anti-market subsidies, stimmie checks, bread & circuses... Then have the central bank print trillions $£€¥ to cover the deficits (actually quadrillions for ¥¥).
If something cannot go on forever, it will stop.
- Am4TIfIsER0ppos 3y agoAnd who were the electorate? It went Silents, then Boomers, Xers, Millenials, Zoomers, and the next one A or Alpha might be starting (they don't have a slur yet). The pains of 2005-2012 and the decade of zero interest were brought about by the actions of Silents and Boomers and voted for by Silents, Boomers, and Xers in the years and decades preceeding. Boomers are the obvious scapegoats. Who was the celebrity today I saw saying they wouldn't leave his children his $500M fortune? Mick Jagger I think. But rest of them are similar. "I won't leave my kids the house." "I'll spend everything I saved." "I got my first job walking in off the street making shoes so why don't you?" Now the government would steal large parts of these as though they didn't get a share when it was saved and the manufacturing has all been outsourced. But those things just happened. Nobody was behind them. Like a car runs into pedestrians with no driver at the wheel. Having written all that I'm not sure whether you agree with my grandparent comment or not.