Succession Planning for the Next Generation

I have written previously about the Echo Boomers (EB) and their challenges in our globalized, me-first, dog-eat-dog world. In my writing, I have castigated my generation, the Boomers, for insulating our offspring from the slings and arrows of outrageous fortune through bailouts and inheritances. I have accused the EBs of hiding inside parental cocoons that have long passed their expiry dates. What I have failed to do, is ask the question whether the EBs even want to play a role in this world that we have created, or whether they have been pushed far enough to want to create their own from the ground up, and where we could help. For how will they find their place in the sun when the baseline for their launch-off point is no longer reachable with just their intrinsic talents?

Their grandfathers, the Great Generation (GG), had a ground zero on which to develop their ideals of liberalism, equality, enterprise, and social democracy, all built on the stark lessons they learned between two major wars: that enough was enough, that no bully would be tolerated any more, that no one would be left behind in education and healthcare, and that a sound middle class would provide national stability. Even Communism and Socialism became fashionable back then, although today they lie in tatters. Then followed their sons and daughters, us. Having a solid springboard provided by the GG, we felt entitled to freedom and growth of the individual above all; we invented consumerism, acquisition, and above all, the mantra of “screw my neighbour, because I gotta be better than him.” Our advertising reflected these values: premium class, designer label, the automobile as a symbol of virility, the country home as a mark of having “arrived.” And on top of that, we outsourced the better jobs to machines and poorer countries so that we could make even more money, and eroded the middle class that gave us the very stability and was our springboard to success. Then we built high walls, gated communities, and enclaves to protect ourselves from those poor suckers who were working for scraps and who might be tempted to cross the line and invade our space, even out of curiosity. Then we cut taxes so that we did not have to fund those poor losers and could retain more money in our coffers. And all the while, our poor EB offspring were watching and wondering where they would play if all the air was being sucked out of their entry canal into adulthood, the workplace, and society. Yes, we inadvertently placed the bar far beyond their reach in our attempts at self actualization.

There are many scenarios on how the EBs may come to take their place in the world:

a)      Make incremental adjustments to what exists and carry on and don’t rock the boat – unsustainable in the long term if the premise is still based on growth and consumption.

b)      Look forward to parental inheritances that will delay reality for another generation.

c)      Create new businesses where “green,” “sustainable,” and “inclusivity” are good words and “growth,” “outsource” and “exclusivity” are bad ones. Only EBs will be welcome and Boomers need not apply. But those wily Boomers who control the investor community may still inject their views!

d)     Hope that Climate Change hastens a ground zero upon which to build a better world.

e)      Start a revolution to forcibly create a ground zero. Unlikely chances of success here; those who have tried have been labelled terrorists and operate on the fringe, for our military establishments are too well stocked these days.

f)       Succumb to neuroses, nervous breakdowns, and suicide, so that those bloody Boomers, will have the extended lives they always desired, only they’ll be working right through until they die– serve them right!

g)      Look forward to the Second Coming where “all that is” will be destroyed and “all that is desired” will be released.

I am not sure where the dice will fall and which scenario will win the jackpot – perhaps none; perhaps there is one I have not yet envisaged. But I encourage Boomers and their offspring to get engaged in the debate, especially the Boomers. This is not “their” problem, but our collective problem. Because, you, dear Boomer, are not a success if you have not implemented successful succession planning for the continued evolution of the human race, and right now you are failing ingloriously at a half-assed job if your university-educated child is struggling at a minimum wage job and drowning in a sea of student debt.


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