1. THE STARK PRESENT
The summer of 2023 has drawn to a close. The pandemic is in the lull, ‘normality’ has resumed but the grim atmosphere has not disappeared. The climate crisis is getting worse, disasters attributed to “Mother Nature” dominate the news. But the economic crisis also proliferates. What both crises have in common is that they affect people very unequally. They show that we live in a class society.
The Dow Jones, the so-called barometer of the US economy, has been doing quite well. Those with a lot of money can still make it grow. The rest of us are doing less well. Inflation is eroding wages. Millions of Americans are currently losing their health insurance. There are increasing numbers of homeless people. The gap between rich and poor is widening in every country, but globally, the gap is deepening between countries capable of playing a competitive role in the ultra-productive information economy and all the others.
Mass flight from poorer countries is the result. The information revolution has unified the global economy but at the same time it is expelling many. The deeper the global crisis sinks and the more the information technology increases productivity, the more ‘superfluous’ people there are.
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