It’s common to slap all the blame on Boomers, but it’s not really fair, though they certainly did plenty of harm. (Yes, some Boomers, elites are more to blame, yadda, yadda.)
But it wasn’t just the boomers. The so-called Reagan Republicans included a ton of GI Generation and Silents. The issue is that the people who created the FDR system weren’t GI Gen, they were Lost and Missionary generation. GI Gen and later lived in the economy created by those generations, but they didn’t really understand how and why it worked because they weren’t adults during the 1920s, so they didn’t get what it was reacting against or what it was trying to fix and avoid a recurrence of.
GI Gen and Silent leaders looked at all the rules FDR and co had put in place and they didn’t really understand why they existed: the rules looked stupid, there seemed to be tons of them, and they figured “we’re smarter than they were, we won’t do stupid things and life will be a lot easier with less regulation.”
Well that was the rationalization: the other issue was simple enough. Getting rid of the rules let a lot of people become rich and even the middle class thought they’d benefit (and many did, with rising housing and stock prices and lower taxes.) The rules had, quite explicitly, been intended to make sure there couldn’t be another Gilded Age nor another roaring twenties — no stock bubbles, no super rich.
But, of course, a lot of people, especially with power, wanted to become super-rich, or at least richer and getting rid of the rules that were meant to stop that was a no-brainer. Enough middle class people were convinced to go along, and enough racists also joined in (Reagan and Nixon ran heavily on racism.) So a coalition was created which destroyed what had come before.
This started before Reagan, as someone will chime in to tell us, but Reagan was the formalization, the big break.
It happened because people wanted unearned wealth, and because the old system had broken (oil spikes, end of Bretton Woods, end of gold money, staglfation, and no one knew how to fix it (or no one anyone was willing to listen to) because the architects were all old or dead.)
So when offered “you can get rich or at least affluent without work and stick it to the niggers too” a lot of people took that deal. It wasn’t just the Boomers—Silents and GI were key to it, more key than the Boomers in the early years. It’s just that they’re all dead now so we blame the Boomers. Gen-X was complicit, but were still children when the key changes were made.
Boomers get all the blame, but they didn’t start the fire that burned down the old order, they simply threw fuel on it (Clinton, especially) when they could.
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