In the News (from Global BC): “The World Economic Forum warned Wednesday [January 11] that the financial crisis that has gripped the global economy for the past few years is fueling resentment that could lay the seeds for a rising tide of protectionism, nationalism, and social unrest.
“In its assessment of the risks to the global economy, the Forum flagged a ‘dystopian future’ for much of humanity that could wipe out the gains achieved so far by globalization and undermine a nascent economic recovery.
“‘For the first time in generations, many people no longer believe that their children will grow up to enjoy a higher standard of living than theirs,’ said Lee Howell, the Forum’s managing director responsible for the report. ‘This new malaise is particularly acute in the industrialized countries that historically have been a source of great confidence and bold ideas.’
“With that grim backdrop, the report’s authors warned of an expanding gap between the rich and the poor and between the skilled and the unskilled. As a result, they urged the public and private sectors to work together to prevent a vicious cycle, whereby tough times feed disillusion and jeopardize the social contract between states and citizens.
“The report, which was based on a survey of 469 experts from industry, government and civil society, also found that the policies and institutions that were created in the 20th century may no longer be fit for purpose in a more complex and interdependent world.
“It also warned of the ‘dark side of connectivity,’ whereby societies are susceptible to ‘malicious’ individuals, institutions and nations that ‘increasingly have the ability to unleash ‘devastating cyberattacks.’
“‘Governments, societies and businesses need to better understand the interconnectivity of risk in today’s technologies if we are truly to reap the benefits they offer,’ said Steve Wilson, chief risk officer for general insurance at Zurich.”
My Comment: Decadent sentiments will grow because there is no other solution to the global crisis (in the economy, education, parenting, family, drugs, health, and so on) except achieving (in stages) global mutual guarantee! To reach such unity is possible solely through integral upbringing, which only governments can implement.