Problems of the horizon

in #finance9 years ago

Just as we are only now becoming aware of the effects of
global warming, we are also only now becoming aware of the
effects of the lossof our middle class. Currently, most members of
the middle class feel safe and secure. They are content, even
though most are aware that we have problems on the horizon.
They feel safe because they believe their government will step
in and take care of them and protect them. Little do they know,
there is little that government can do to protect them.
Governments, even the U.S. government, cannot protect their
people as they once could simply because the problems are now
global problems. For example, the price of oil is determined by
countries outside the control of the Un ited States. Terrorism is not
a war against nations. Terrorism is a war against ideas. A terrorist
can strike anywhere and disappear into the populace. And
globalization, causing the loss of so many American jobs, is the
problem of multinational corporations becoming richer and more
powerful than many countries. This globalization has also been
made more possible through the World Wide Web making
communication instantaneous anywhere in the world.
Communication has become possible any time any where.
On the home front, just as environmentalists are noticing that
some species of frogs are disappearing, economists are noticing
that pensions and health care are disappearing for the middle class
and poor. In a few years, the biggest baby boom generation in
history begins to retire all over the world. Most governments do
not have the financial resources to keep their promises

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