Sunday, January 31, 2010
A Needier Era
The 2010"s will be known as the age of scarcity for many people. In the 1990's, incomes were rising; capital markets were processing endless flows of money and investment; technological gains meant that ever more information was available ever more cheaply. But now as we move on to the new decade, the main problem for scarcity are water and food shortages. This could in fact have a direct impact on politics. The sort of problems governments increasingly face will be much less predictable than those associated with old great-power rivalries. It will be interesting to see how scarcity will play a role in politics for the next decade.
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Calling this new decade we are entering, "the age of want" is very scary to think about. It makes me think about how successful people were in the 90's and perhaps if they were "too" successful. I am wondering how America will combat the "unintended flaws" of finance and technology; If this article is just a scare or reality. I think that instead of being afraid of how much we have accomplished as a nation, we need to use the resources we have discovered and made by embracing them; Use technology and financial history to solve the problems in front of us.
ReplyDeleteThis article is slightly confusing. It declares that the 2010’s will be the "age of scarcity" and because of that there will be all these political changes. However, the article doesn’t give any economic reasons why 2010 will become the "age of scarcity". It mentions the current global recession, but why should we expect that this recession will linger for years and drag the global economy into poverty? I wish the article went into greater detail about why these changes will occur.
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