Boomers laten Greta veel materieel kapitaal na, ten koste van milieukapitaal

There is skepticism among young people about the “Boomers”, the generation born just after WWII that started out as idealistic but, it is believed, has taken good care of itself. This article uses an analysis of capital transfers between young and old in the past seventy years to determine whether this skepticism is justified. It is shown that the generations of the Boomers and their parents have provided a lot of material capital that benefits young people. But on the other hand, environmental capital has been significantly consumed. Restoration of this environmental damage should be central in the coming decades. Growth in environment enhancing productivity is to become more important than growth in labour productivity