I think that when coming down on the Boomers, one major thing is forgotten, which is a part of the big historical picture. Our parents were the products of WW1, the Depression, & WW2. Yes, they were the greatest generation, but to paraphrase... much was given to those of whom much was expected. A generation that had learned frugality & thrift benefited from a post-war era in which the US was the only manufacturing economy left standing. The rest of the world was decimated & needed everything. The US itself needed everything. Our advantage was that our manufacturing was then modern & thriving. For that era, our work force was well educated & healthy. Manufacturing labor was in demand & companies paid high wages (much higher than manufacturing ever paid) Plus, the US had all the resources within its own boundaries to take advantage of the situation. Our fathers, returning from war, benefitted from the GI Bill... housing loans & education... plus companies that wanted to keep workers & so offered good pension & medical benefits. Much of that generation still has not understood that the ground shifted under their children's feet.
As a consequence, the Boomers were born & experienced childhood in the "perfect world." That world began to end in the late 1960s, just as the Greatest Generation was retiring... to Social Security payments that bought something & to a medical world that accepted Medicare patients... to defined company benefits.
But, our resources were in decline. Therefore, costs began to increase due to the need to import energy & raw materials. To keep prices down, our manufacturing moved overseas to benefit from cheap labor. Walmart took over... lower prices for people whose wages did not keep up. Free trade took over... with the idea that we would buy cheap products from China & in turn, they would buy our more expensive products with the money we paid them. That didn't work. They didn't buy. Instead, we borrowed.
The idea had been that our manufacturing should be replaced by other types of jobs, but the real benefit of manufacturing jobs is that it allowed people to work at jobs that require a high school or community college or trade school diploma & physical labor. They offered some stability & predictiblity. Many people do not want & cannot handle cubicle jobs. They don't want to constantly pursue more & more education that is outdated as soon as it is learned. They want a paycheck, a work life, & a family & home life.
But that is beside the point. Once our economy lost the manufacturing engine to power the economy & other things did not pan out to replace it, we became a "consumer" society. Consumerism replaced everything else as the economic engine.... Buy! Buy! Buy! Don't stop buying!... Do the patriotic thing... Shop! Consumerism replaced citizenship as the most important thing an American could be.
When we went to war, we were not told to cut back, to ration & sacrifice. To do so would hurt the economy. We were told to shop. It was the shopping that kept the economic engine running.
But it was foolishness. We literally were consuming the planet. The unfortunate part is that this is the ultimate goal of capitalism. Without comsumerism, there is no capitalism. Capitalism & even the very idea of "money" depends upon the sale of product.
Now the Chinese & the Indians will take our place as consumers.... & the world will continue to be consumed.
A new system must arise which does not requre a buyer & a seller. The consumer must be replace by the good citizen.
The Shallowest Generation [View article]
As a consequence, the Boomers were born & experienced childhood in the "perfect world." That world began to end in the late 1960s, just as the Greatest Generation was retiring... to Social Security payments that bought something & to a medical world that accepted Medicare patients... to defined company benefits.
But, our resources were in decline. Therefore, costs began to increase due to the need to import energy & raw materials. To keep prices down, our manufacturing moved overseas to benefit from cheap labor. Walmart took over... lower prices for people whose wages did not keep up. Free trade took over... with the idea that we would buy cheap products from China & in turn, they would buy our more expensive products with the money we paid them. That didn't work. They didn't buy. Instead, we borrowed.
The idea had been that our manufacturing should be replaced by other types of jobs, but the real benefit of manufacturing jobs is that it allowed people to work at jobs that require a high school or community college or trade school diploma & physical labor. They offered some stability & predictiblity. Many people do not want & cannot handle cubicle jobs. They don't want to constantly pursue more & more education that is outdated as soon as it is learned. They want a paycheck, a work life, & a family & home life.
But that is beside the point. Once our economy lost the manufacturing engine to power the economy & other things did not pan out to replace it, we became a "consumer" society. Consumerism replaced everything else as the economic engine.... Buy! Buy! Buy! Don't stop buying!... Do the patriotic thing... Shop! Consumerism replaced citizenship as the most important thing an American could be.
When we went to war, we were not told to cut back, to ration & sacrifice. To do so would hurt the economy. We were told to shop. It was the shopping that kept the economic engine running.
But it was foolishness. We literally were consuming the planet. The unfortunate part is that this is the ultimate goal of capitalism. Without comsumerism, there is no capitalism. Capitalism & even the very idea of "money" depends upon the sale of product.
Now the Chinese & the Indians will take our place as consumers.... & the world will continue to be consumed.
A new system must arise which does not requre a buyer & a seller. The consumer must be replace by the good citizen.
The New Normalcy [View article]