The Boomers' bonanza has left precious little for the rest of us

9.1.10 – We should be concerned about a society where opportunity is so profoundly determined by who your parents are, says Robert Colvile.

Few things make older people happier, a report claims today, than bad things happening to the young. In which case, the next few paragraphs should make extremely pleasant reading. For while every generation thinks it has things uniquely bad, today’s teenagers have the statistics to back it up.

Consider the furore over A-level results. Here were approximately 150,000 young people failing to find a place at university – and all David Willetts, the Universities Minister, could do was to mumble an apology to those who missed out and advise them to reapply next year, to a worse institution.

It was an especially cruel position for Willetts to be in, because he, more than anyone, is aware of the real problem: which is that, over the past few decades, young people have been thoroughly ripped off. Via demographic accident and bloody-minded selfishness, the Baby Boomers have come to monopolise the country’s wealth, politics and culture.

They had the decent pensions, the nice houses, the free education and left their children with nothing but debt. The result, as Willetts argued earlier this year in The Pinch – the policy wonk’s beach read de choix – is a clash that threatens to replace class warfare as the great faultline in British politics.

Tomorrow, a provocative new book by Ed Howker and Shiv Malik, called Jilted Generation, takes things further. The two 29-year-olds show how those born after Margaret Thatcher’s arrival in Downing Street – a category into which I, too, squeeze – have things unutterably worse than their parents.

more… http://www.telegraph.co.uk/education/universityeducation/7974527/The-Boomers-bonanza-has-left-precious-little-for-the-rest-of-us.html

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Wednesday

September 1st, 2010

Jimmy Kilpatrick

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