The baby boom generation was born with everything, and has systematically burned nearly all of it to the ground during their lifetimes. The inheritance of their parents and grandparents, the post WWII global order, the American-led system of alliances, a stable and functioning democracy... all gone.
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The boomers, though, are a very strong, very large cultural and political current. They have, as they always have had, an outsize influence on, well, everything.