A different kind of prosperity

A couple of months back, there was a very heated debate (mild term) based on an article that was titled “Why Generation Y Yuppies Are Unhappy” and (also) dealt with something that has occupied my thoughts for a while now – the sense of entitlement. It had a very simplistic formula on happiness : Happiness = Reality – Expectations, and the author’s take was that a sense of entitlement/being special heightened expectations and when that collided with reality, Gen Y’s happiness suffered. Another key factor in this was they are also regularly ‘taunted’ by people who are doing better – simply because the latter share their successes much more.

I must say that my observations on the sense of entitlement have led me to believe that it’s not totally an age thing. I do agree that societal and lifestyle changes have led to parents becoming more indulgent, but I think the larger culprit is mass publishing platforms –  the ability to broadcast one’s thoughts to large number of people. It is enhanced when the publisher realises he/she has an audience. It does seem higher in younger groups but that’s only because they have been exposed to these platforms much earlier in their life than an earlier generation and therefore do not have the alternate perspectives and experiences of the latter. But the entitlement discussion is for another day.

An interesting point made in the article was that Gen Y wanted fulfilling careers. What does not come out though is what defines ‘fulfilling’. Is it the emotional satisfaction of working towards a shared purpose, or is it the perks that come with a high-flying career? I suspect that fulfilling at this point swings more towards the material success that the latter provides. Umair Haque has an interesting take called ‘Growthism‘, a devolved form of capitalism, whose dogma is to achieve growth at all costs and according to the author prevents us from developing a sophisticated conception of what prosperity is. It does seem fluffy but that’s probably because we have been conditioned by various institutions for a long while now.

But I sense a change is on its way. For instance, thanks to this post, I came to know of The Prosperity Index, which goes beyond the GDP and economic success based models of measuring prosperity of nations. While this is indeed a positive step, I think true change will happen when constituents like the Gen Y mentioned earlier begin to look at currencies beyond money for a sense of fulfillment, and happiness. In this must-read article titled “Who Will Prosper in the New World“, the author mentions “People who don’t need money” – people who have the incomes of the lower middle class and the cultural habits of the wealthy or upper middle class.

I think we’re at the beginning of a new cycle – a generation will start ignoring the paradigms of success and fulfillment set by its predecessors and their institutions, and use the fabulous technologies that are evolving to craft its new narrative of happiness. I also think that my generation might be the casualty of two large concepts at war with each other, but maybe that’s what it takes for a civilisation to be entitled to its prosperity….

moral

until next time, changelings

P.S. On a related note, do read ‘On Lifestyle Rigidity

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