The brilliance of the young and the twenty somethings has created the Dot Com bubble, and the Real Estate Bubble. Both of these schemes broke the age of rule of making investments conservative and only if they make sense.
Both of these rules were broken, and the big benefactors were the creators of these scams.
Yet, we still think people over 40 are too old to do anything useful.
A young Bill Gates and a young Steve Jobs started their quest for success, power, and built the Microsoft and Apple giants of today, on using the creations of other people, and in the case of Apple actually stealing their software platform from Xerox Palo Alto Research Center.
Bill Gates didn't create DOS he got it from an existing company. He followed it up with bad designs, and implementations that were frequent but flawed. Up to Windows ten you could still hack the system because of its heritage still being found in the new versions of software.
My point is that we think of these two as technological geniuses, but they are really business scammers. They worked their magic because they were young and the technology was also young.
Today we have Facebook, Twitter, Smart phone apps, and the rest of the social engineering mechanisms. While these devices and programs do have some value the young people have no idea of what they are giving up in exchange for them. They have sacrificed their safety and their privacy while not caring about having them controlled to protect them.
It seems like every generation in the US gets less smarter while the technology around them does get smarter. But the problem is that it takes smarter people to control the technology. Much like Fire when it is uncontrolled, it is damaging and even fatal.
The young can invent, but the older should be used to control and protect. What happened to the old, 40+ when they could have protected us from the dot com and real estate bubble. Anyone with any experience would have known these two business devices were more Ponzi than useful.
Every bubble has a short life cycle, and the experienced people should have known it.
Especially the old farts in congress and the presidency?
They sort of ruin my argument for the benefits of age.
Only in the public sector, and the highest ranks of the private sector is ageism protected, for the rest age is a disability without real teeth in the protection.
Race and gender have been the focus, while age discrimination ramps up undefended.
Delete my comment if you choose