As is so common with the neo-cons, leftists of every type and especially (why tho?) college-educated intellectuals, this guy has a moment of clarity, identifies the problem correctly, and then firmly places it on the people who are trying to solve it. Nassim Taleb in his Intellectual Yet Idiot essay described how people like this professor cannot think past first order effects.
The article starts off good....
I'm so, so, so sorry: A Baby Boomer apologizes on behalf of his generation
...but then descends into finger pointing to deflect blame away from himself and his generation.
He offers no solution, which is the definition of whining.
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Papamarcos was a visiting professor at CUNY’s Baruch College, professor and dean of the Peter J. Tobin College of Business at St. John’s University, professor and dean of the business school at Norfolk State University, and is now a clinical professor in the Mason School of Business at the College of William & Mary.
The article starts off good....
I'm so, so, so sorry: A Baby Boomer apologizes on behalf of his generation
Quote:Quote:
My generation, the Baby Boomers, was to live the life purchased for us by the boys of Normandy, the Ardennes, Iwo Jima, Okinawa and other killing fields. White marble crosses and Stars of David in these places testify to the enormous price of that purchase. And live we did. What a party we threw ourselves. So, as I reflect on the goodness of the job my generation has done, I apologize. I apologize for it all.
I apologize that we Boomers bankrupted this great nation. We made all manner of promises to ourselves while leaving you the bill. Herbert Hoover once quipped that “blessed are the young, for they shall inherit the national debt.” He was only partially right; it’s far worse than that. I’m not talking about $22 trillion in treasury debt or even the exponential rate at which it’s growing. I’m talking unfunded liabilities.
Were one to add today’s treasury debt to the unfunded Social Security, Medicare and Medicaid promises we’ve made to ourselves on your behalf — valued somewhere in the $120 to $200 trillion range depending on assumptions about discount rates, life expectancies, etc. — the total would exceed the market value of the United States of America. (I think that prior to pulling the most powerful lever in the world, every U.S. citizen should be made to write $120,000,000,000,000 in a box on his or her voter registration form.)
In accounting terms, we have a negative net worth. In everyday terms, we’ve already spent or committed everything we have, everything, to support our generation’s lifestyle, now and in retirement. And it’s no accident. Just because we don’t care doesn’t mean we don’t understand. By the time the bill comes due, we’ll have the distinct advantage of being dead. So, if you think paying off your college loans is going to be tough, I have a shovel-ready infrastructure project to sell you.
...but then descends into finger pointing to deflect blame away from himself and his generation.
He offers no solution, which is the definition of whining.
Quote:Quote:
I apologize that the Trumpists’ and, on the world stage, their fellow travelers’ nationalist fervor threatens to morph into xenophobia, race baiting and thinly disguised Jew-hatred. Charlottesville, the Yellow Vests Movement, as well as the Labor Party and its grand cyclops, er, leader, Jeremy Corbyn raise questions as to whether humans are really the highly evolved life-form we like to think we are.
Papamarcos was a visiting professor at CUNY’s Baruch College, professor and dean of the Peter J. Tobin College of Business at St. John’s University, professor and dean of the business school at Norfolk State University, and is now a clinical professor in the Mason School of Business at the College of William & Mary.
I am afraid that women appreciate cruelty, downright cruelty, more than anything else. They have wonderfully primitive instincts. We have emancipated them, but they remain slaves looking for their masters all the same. They love being dominated.
--Oscar Wilde