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Archive for April 2009

Generational Greed

In Money, Politics on April 1, 2009 at 4:53 pm

One thing that I think is striking about our current financial crisis and the collapse of many of the institutions that we’re familiar with is the dominance of the 60’s “flower power” generation in positions at the top of troubled organizations.

This cohort, now in their 50’s and 60’s, went from an ethos of “peace, love and harmony” to one of “grab all that I can for me” with amazing velocity. The generation before – the people in their late 60’s and 70’s – are somewhat shocked, and those like me, a few years behind, feel like there’s nothing left for us.

It is this generation, the children of the late 40’s and early 50’s, that have sucked our economy, our ecology and our ethical compass completely dry. It is this generation that learned to take without giving. It is this generation that will leave us bankrupt.

Flower power, my ass.