Their incessant desire to keep running shit, to constantly keep their standard of living not only the same, but *increasing* during their old age - has been the catalyst for this problem.
The offshoring to China of manufacturing and electronics assembly has given China an enormous economic advantage. At least the "Greatest Generation" had the good grace to retire and die instead of trying to suck everything dry like some kind of economic vampire. And just like vampires of lore, the Boomers destroy everything with which they come into contact.
500 years from now, historians are going to marvel at this generation that crippled multiple generations after it due their avarice and entitlement.