…nd us that the economic tenets that allowed many baby boomers to thrive were short-termist and mad. It is no easy thing to accept that the mechanisms behind your own prosperity were laying the foundations of future disaster. Better to pretend that the young’s inability to follow in your footsteps is not systemic, but rather due to their own moral failings.
The obvious, unavoidable answer is the one that has informed anti-youth sentiment for all of time: jealousy. There is a reason why the rationalist thinkers of ancient Greece liked to cuss youngsters. If you believe that the life you live now is all you’ve got, it stands to reason that you will envy those lucky enough to have most of that life still ahead of them. We are living in a time of declining spirituality, where life’s expiry, for most rational people, is Game Over. Envy of the young is off the scale, and this envy, for many older people, is bound to mutate into contempt, given the right cultural stimuli.
An investor once told me that Nigeria is basically owned by 200 families. And maybe every 25 years, 5–10 join their ranks. It appears the Nigerian banking sector is for them. The rest of us are just here to spectate and fund their party. Then wallow in the mess they create.