I read recently in the book "A Generation of Sociopaths" an interesting perspective I hadn't before considered. The book's claim was that as the Baby Boomer generation aged into a capital owning class, they used their democratic voting influence to impact companies they increasingly owned via stocks.
I don't know if I buy it, but it was an interesting take on the political and tax changes that began in the late 70s and early 80s.
I don't personally, it conflates boomers with capitalists, and there are plenty of boomers who aren't a part of the capitalist class by any stretch of the imagination. Just because some of them benefited from it, doesn't mean they had any part in its construction, execution, or intention.
This story just obfuscates the fact that this tension between capital and labor existed long before this generation and pretends like the entire generation was in on it, when it was really just the boomer capitalist class, not all boomers.
It does group (majority white) boomers together but I don’t think the auther conflates them with capitalists exactly. It was more so making the point that as a collective voting block, they tended to vote to their own selfish interests and had the numbers to sway policy. For example, reducing capital gains taxes which wasn’t necessary until they, as a collective, had enough vested interest in the stock of companies later in their life.
I don't know if I buy it, but it was an interesting take on the political and tax changes that began in the late 70s and early 80s.