Hacker News new | past | comments | ask | show | jobs | submit
It's the baby boomer phenomenon. They reaped the rewards back then and are still reaping the rewards. The benefits have been following that age group through their lives. Its like a rolling window.
loading story #46876467
Can you blame them for existing during early globalization, before over the financialization of everything? It's not like they actively took more than they "should have" from anyone directly, it's a consequence of their local economy and where it was at the time.
> It's not like they actively took more than they "should have" from anyone directly

And who do you think exactly contributed to the over financialization of everything? Every single thing, good or bad, is a direct result of the actions of the generation before. We can thank them for creating a world where women get to vote but also criticize them for creating a world where everything costs a million dollars and all young people can earn is pennies. At any point in time they could’ve been like “this may not in my selfish interest, but it will ensure the future generations can have the same life as i do” and pushed for policies accordingly. But that didn’t happen.

Has any society ever behaved that way? It's already a push to get people to think of the middle/lower classes during the present.

I understand the desire to find an entity or group of people to blame, but they were acting in their own self interest at a peak time, they didn't know the party would be over soon, for many of them, it still isn't.

> And who do you think exactly contributed to the over financialization of everything? Every single thing, good or bad, is a direct result of the actions of the generation before.

Some elements of the generation before. It's is exceedingly unhelpful the blame an entire generation for the actions of a few. There were some elite people with a plan, many more who bought the propaganda they were served, and a lot who had nothing to do with any of it.

Also, it's worth noting (to help build empathy) that you and me likely have been suckered by propaganda for things that the next generation will curse us for, but we just think we're being sensible and informed.

The least you could do is blame an ideological faction of that generation (e.g. neoliberals), rather than blaming the whole generation itself. Among many advantages, that names the problem in a way that can solve it.

loading story #46877961
{"deleted":true,"id":46876544,"parent":46876470,"time":1770149277,"type":"comment"}
You _can_ blame them for several high-impact things they willingly did or at least supported, e.g. benefiting greatly from public spending yet successively voting to restrict it later on; f*cking over the real estate market and squeezing younger generations with extreme rents/prices; refusing any kind of social reforms while it has been obvious for decades that current models don't scale; decoupling of productivity from wages; and last but not least racking up huge carbon debt that later generations will pay dearly for.
They didn’t passively exist during it. They implemented it. They are culpable.
loading story #46876830