IIM Bangalore (UGAT)VA > EasyThe primary failure of modern parenting is a psychological one, stemming from an inability to understand the developmental needs of children.The engineered desires of hyper-consumerism have created a generational crisis that can only be solved by systemic economic and regulatory changes.While material indulgence temporarily placates children, its long-term detriment to professional success necessitates a return to traditional disciplinary methods.To counteract the corrosive effects of consumerism on juvenile development, a conscious parental effort to cultivate moral and emotional resilience is critically needed.✅ Correct Option: 4