To some extent, yes, but also no. This is just a symptom of wealth accumulation, it's not all about 'boomers' it's about greedy people, it just so happens that many boomers were in a strong position to be greedy and get lucky. We still have corporations and banks making too much money, we shouldn't forget about those.
This exactly. Though I'm pissed at the ladder being pulled up behind them as OP so vividly put it, as far as the decisions made by boomers before Facebook and Murdoch addled their brains, I can't honestly say I would have acted differently in their shoes.