What is a Paradigm?
A paradigm is a set of beliefs that form the basis for the architecture of a society, its operational framework and how it functions.
Neo Liberal Democratic Paradigm
Neo Liberal is a label associated with a democratic society that prioritizes a competitive marketplace for goods and services, with minimum governmental regulation, balanced government budgets and a limited welfare state
Free Market Capitalism
Limited Government Intervention
Individual Liberty
Rule of Law
Globalization
Meritocracy
Democratic Governance
Minimal Welfare State
Paradigm Shifts
A paradigm shift refers to a fundamental change in the basic concepts and practices of a particular field, discipline, or society.
Boomer Paradigm Shift
The "boomer paradigm shift" generally refers to a cultural and societal change driven by the aging Baby Boomer generation. Baby Boomers, born between 1946 and 1964, constitute a significant portion of the population in many countries, particularly in the Western world.
As Baby Boomers have aged, they have had a substantial impact on various aspects of society, including economics, healthcare, politics, and cultural norms. Some key aspects of the "boomer paradigm shift" include:
As Baby Boomers have aged, they have had a substantial impact on various aspects of society, including economics, healthcare, politics, and cultural norms. Some key aspects of the "boomer paradigm shift" include:
- Retirement and Workforce Dynamics: Baby Boomers reaching retirement age have led to shifts in the workforce, including changes in retirement patterns, labor market dynamics, and the rise of flexible work arrangements.
- Healthcare and Aging: With a large cohort of individuals entering old age, there's been increased focus on healthcare systems, long-term care, medical advancements, and age-related diseases.
- Economic Impact: As Baby Boomers retire, there are concerns about the strain on pension systems, social security, and the broader economy due to changes in spending patterns and workforce participation.
- Cultural Values: Baby Boomers have influenced cultural norms and expectations, including attitudes towards family, marriage, consumerism, and social activism.
- Political Influence: The voting power of Baby Boomers has shaped political agendas and policies, with implications for issues such as healthcare, retirement benefits, and social programs.
Millennial Paradigm Shift
- Technology Integration: Millennials have grown up with technology at their fingertips, leading to a seamless integration of digital tools into their daily lives. This has resulted in changes in communication, entertainment, shopping habits, and even political engagement.
- Workplace Expectations: Millennials have different expectations regarding work compared to previous generations. They often prioritize meaningful work, flexibility, and a healthy work-life balance over traditional markers of success like climbing the corporate ladder or sticking with one job for life. This has led to the rise of remote work, freelancing, and the gig economy.
- Social Consciousness: Millennials tend to be more socially conscious and environmentally aware than previous generations. They are more likely to support brands and businesses that align with their values, and they are active participants in social and political movements, both online and offline.
- Entrepreneurial Spirit: Millennials are more likely to start their own businesses or pursue entrepreneurial ventures than previous generations. This could be due to a combination of factors, including a desire for autonomy, the accessibility of digital tools for starting businesses, and a shifting economic landscape.
- Diverse and Inclusive Values: Millennials tend to embrace diversity and inclusivity in all aspects of life, including workplaces, communities, and media representation. They are more likely to advocate for equality and social justice issues, such as LGBTQ+ rights, racial justice, and gender equality.
F.A.I.L.
First Attempts In Learning
"You can’t let your failures define you”, Barack Obama famously said in his 2009 address to America’s school children, “you have to let your failures teach you”.[1]
[1] White House. (2009). Remarks by the President in a National Address to America’s schoolchildren.
You must fail before you can succeed!
Embrace the “F” Word and Succeed
“We’re taught to avoid failing and its siblings: falling, faltering, flailing, foundering, fumbling. (I call these life’s beautiful F-words). But we’d all have an easier time if we accepted that these seemingly disastrous experiences are not only a normal part of life but are actually our greatest teachers in disguise. The right mentors encourage it even. Take this from Game of Thrones:
JON SNOW: “I failed”.
SER DAVOS: “Good. Now go fail again.”[1]”
[1] Julie Lythcott-Hams, Your Turn How to Be an Adult. New York. Henry Holt and Company. (2021). At p.36
Gen "Z"
Clarion Call to Boomers and Millennials
"This is all wrong. I shouldn’t be up here. I should be back in school on the other side of the ocean. Yet you all come to us young people for hope? How dare you! You have stolen my dreams and my childhood with your empty words. And yet I’m one of the lucky ones. People are suffering. People are dying. Entire ecosystems are collapsing. We are in the beginning of a mass extinction. And all you can talk about is money and fairytales of eternal economic growth. How dare you!"[27] "You are failing us." Thunberg stated. "But the young people are starting to understand your betrayal. The eyes of all future generations are upon you. And if you choose to fail us, I say: We will never forgive you.[28]
Greta Thunberg United Nations Climate Action Summit 2019
The Silver Economy
The silver economy refers to the economic activities and opportunities related to older adults, typically those aged 65 and above. As populations age, there is a growing recognition of the economic potential of this demographic group. The term "silver" is often used as a metaphor for the color of hair associated with aging. The silver economy encompasses various industries and sectors that cater to the needs and preferences of older adults, including healthcare, leisure and tourism, housing, transportation, finance, technology, and consumer goods and services. This demographic group often has specific requirements and preferences, leading to the development of products, services, and solutions tailored to their needs. Key aspects of the silver economy include:
Healthcare: Older adults typically require more healthcare services, including medical treatment, preventive care, and long-term care. This creates opportunities for healthcare providers, pharmaceutical companies, medical device manufacturers, and healthcare technology firms.
Leisure and tourism: Older adults have more leisure time and disposable income, making them a significant market for travel, tourism, recreation, and entertainment. Travel destinations, hotels, resorts, and leisure facilities often cater to the preferences of older travelers.
Housing: As people age, they may require different housing options, such as retirement communities, assisted living facilities, and nursing homes. Real estate developers and property managers often focus on designing and providing housing solutions suitable for older adults.
Transportation: Transportation services that accommodate the needs of older adults, such as accessible public transportation, ride-sharing services, and specialized transportation for seniors, are part of the silver economy.
Finance: Older adults may require financial products and services tailored to their retirement planning, investment needs, insurance, and estate planning. Financial institutions develop products and services to address the unique financial challenges and goals of seniors.
Technology: Technological innovations aimed at enhancing the quality of life, safety, and independence of older adults are an integral part of the silver economy. This includes healthcare technology, assistive devices, smart home solutions, and digital communication tools.
John G. Kelly
Holistic Legal and Law Related Career Mentoring & Counselling Program