Tuesday, March 6, 2012

Employment Outlook: Dramatically Changing Landscape

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Thomas Frey is a well-regarded and very thoughtful Futurist and has made some very provocative predictions for the coming five- to fifteen-year time horizon. His site, the FuturistSpeaker.com is one of my most visited blog sources of information. While I do not agree with Mr. Frey about everything, and while he and The Global Futurist Blog may be at odds about certain potentialities for both the near term and the longer term, I am largely in alignment with his opinion (expressed in a blog posting of about a month ago) regarding which careers will be disappearing and which careers will be coming into demand and prominence. I would strong advise that you read what follows carefully, and start adjusting your plans rapidly. When Douglas E. Castle and Thomas Frey are in full agreement, I believe that increases the viability of the information...

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When I brought up the idea of 2 billion jobs disappearing (roughly 50% of all the jobs on the planet) it wasn’t intended as a doom and gloom outlook. Rather, it was intended as a wakeup call, letting the world know how quickly things are about to change, and letting academia know that much of the battle ahead will be taking place at their doorstep.

Here is a brief overview of five industries – where the jobs will be going away and the jobs that will likely replace at least some of them – over the coming decades.

1.) Power Industry

Until now, the utility companies existed as a safe career path where little more than storm-related outages and an occasional rate increase would cause industry officials to raise their eyebrows.

Yet the public has become increasingly vocal about their concerns over long-term health and environmental issues relating to the current structure and disseminating methods of of the power industry, causing a number of ingenious minds to look for a better way of doing things.

Recently I was introduced to two solutions that seem predestined to start the proverbial row of dominoes to start falling. There are likely many more waiting in the wings, but these two capitalize on existing variances found in nature and are unusually elegant in the way they solve the problem of generating clean power at a low cost.

Both companies have asked me to keep quiet about their technology until they are a bit farther along, but I will at least explain the overarching ramifications.

I should emphasize that both technologies are intended to work inside the current utility company structure, so the changes will happen within the industry itself.

To begin with, these technologies will shift utilities around the world from national grids to micro grids that can be scaled from a single home to entire cities. The dirty power era will finally be over and the power lines that dangle menacingly over our neighborhoods, will begin to come down. All of them.

While the industry will go through a long-term shrinking trend, the immediate shift will cause many new jobs to be created.

Jobs Going Away
  • Power generation plants will begin to close down.
  • Coal plants will begin to close down.
  • Many railroad and transportation workers will no longer be needed.
  • Even wind farms, natural gas, and bio-fuel generators will begin to close down.
  • Ethanol plants will be phased out or repurposed.
  • Utility company engineers, gone.
  • Line repairmen, gone.
New Jobs Created
  • Manufacturing power generation units the size of ac units will go into full production.
  • Installation crews will begin to work around the clock.
  • The entire national grid will need to be taken down (a 20 year project). Much of it will be recycled and the recycling process alone will employ many thousands of people.
  • Micro-grid operations will open in every community requiring a new breed of engineers, managers, and regulators.
  • Many more.
2.) Automobile Transportation – Going Driverless

Over the next 10 years we will see the first wave of autonomous vehicles hit the roads, with some of the first inroads made by vehicles that deliver packages, groceries, and fast-mail envelopes.

The first wave of driverless vehicles will be luxury vehicles that allow you to kick back, listen to music, have a cup of coffee, stop wherever you need to along the way, stay productive in transit with connections to the Internet, make phone calls, and even watch a movie or two, for substantially less than the cost of today’s limos.

Driverless technology will initially require a driver, but it will quickly creep into everyday use much as airbags did. First as an expensive option for luxury cars, but eventually it will become a safety feature stipulated by the government.

The greatest benefits of this kind of automation won’t be realized until the driver’s hands are off the wheel. With over 2 million people involved in car accidents every year in the U.S., it won’t take long for legislators to be convinced that driverless cars are a substantially safer and more effective option.

The privilege of driving is about to be redefined.

Jobs Going Away
  • Taxi and limo drivers, gone.
  • Bus drivers, gone.
  • Truck drivers, gone.
  • Gas stations, parking lots, traffic cops, traffic courts, gone.
  • Fewer doctors and nurses will be needed to treat injuries.
  • Pizza (and other food) delivery drivers, gone.
  • Mail delivery drivers, gone.
  • FedEx and UPS delivery jobs, gone.
  • As people shift from owning their own vehicles to a transportation-on-demand system, the total number of vehicles manufactured will also begin to decline.
New Jobs Created
  • Delivery dispatchers
  • Traffic monitoring systems, although automated, will require a management team.
  • Automated traffic designers, architects, and engineers
  • Driverless “ride experience” people.
  • Driverless operating system engineers.
  • Emergency crews for when things go wrong.
3.) Education

The OpenCourseware Movement took hold in 2001 when MIT started recording all their courses and making them available for free online. They currently have over 2080 courses available that have been downloaded 131 million times.

In 2004 the Khan Academy was started with a clear and concise way of teaching science and math. Today they offer over 2,400 courses that have been downloaded 116 million times.

Now, the 8,000 pound gorilla in the OpenCourseware space is Apple’s iTunes U. This platform offers over 500,000 courses from 1,000 universities that have been downloaded over 700 million times. Recently they also started moving into the K-12 space.

All of these courses are free for anyone to take. So how do colleges, that charge steep tuitions, compete with “free”?

As the OpenCourseware Movement has shown us, courses are becoming a commodity. Teachers only need to teach once, record it, and then move on to another topic or something else.

In the middle of all this we are transitioning from a teaching model to a learning model. Why do we need to wait for a teacher to take the stage in the front of the room when we can learn whatever is of interest to us at any moment?

Teaching requires experts. Learning only requires coaches.

With all of the assets in place, we are moving quickly into the new frontier of a teacherless education system.

Jobs Going Away
  • Teachers.
  • Trainers.
  • Professors.
New Jobs Created
  • Coaches.
  • Course designers.
  • Learning camps.
Prototype of a 40′ X 40′ 3D Printer capable of printing a small building

4.) 3D Printers

Unlike a machine shop that starts with a large piece of metal and carves away everything but the final piece, 3D printing is an object creation technology where the shape of the objects are formed through a process of building up layers of material until all of the details are in place.

The first commercial 3D printer was invented by Charles Hull in 1984, based on a technique called stereolithography.

Three-dimensional printing makes it as cheap to create single items as it is to produce thousands of items and thus undermines economies of scale. It may have as profound an impact on the world as the coming of the factory did during the Henry Ford era.

3D Printed Dress

3D Printed Shoes

Jobs Going Away
  • If we can print our own clothes and they fit perfectly, clothing manufacturers and clothing retailers will quickly go away.
  • Similarly, if we can print our own shoes, shoe manufacturers and shoe retailers will cease to be relevant.
  • If we can print construction material, the lumber, rock, drywall, shingle, concrete, and various other construction industries will go away.
New Jobs Created
  • 3D printer design, engineering, and manufacturing
  • 3D printer repairmen will be in big demand
  • Product designers, stylists, and engineers for 3D printers
  • 3D printer ‘Ink’ sellers
Boston Dynamics’ BigDog

5.) Bots

We are moving quickly past the robotic vacuum cleaner stage to far more complex machines.

The BigDog robot, shown above, is among the most impressive and potentially useful for troops in the immediate future–it’s being developed to act as an autonomous drone assistant that’ll carry gear for soldiers across rough battlefield terrain.

Nearly every physical task can conceivably be done by a robot at some point in the future.

Jobs Going Away
  • Fishing bots will replace fishermen.
  • Mining bots will replace miners.
  • Ag bots will replace farmers.
  • Inspection bots will replace human inspectors.
  • Warrior drones will replace soldiers.
  • Robots can pick up building material coming out of the 3D printer and begin building a house with it.
New Jobs Created
  • Robot designers, engineers, repairmen.
  • Robot dispatchers.
  • Robot therapists.
  • Robot trainers.
  • Robot fashion designers.
Final Thoughts

In these five industries alone there will be hundreds of millions of jobs disappearing. But many other sectors will also be affected.

Certainly there’s a downside to all this. The more technology we rely on, the more breaking points we’ll have in our lives.

Driverless drones can deliver people. These people can deliver bombs or illicit drugs as easily as pizza.

Robots that can build building can also destroy buildings.

All of this technology could make us fat, dumb, and lazy, and the problems we thought we were solving become far more complicated.

We are not well-equipped culturally and emotionally to have this much technology entering into our lives. There will be backlashes, “destroy the robots” or “damn the driverless car” campaigns with proposed legislation attempting to limit its influence.

At the same time, most of the jobs getting displaced are the low-level, low-skilled labor positions. Our challenge will be to upgrade our workforce to match the labor demand of the coming era. Although it won’t be an easy road ahead it will be one filled with amazing technology and huge potentials as the industries shift.

By Futurist Thomas Frey

Author of “Communicating with the Future” - the book that changes everything.

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I believe that some of these extinctions and geneses will occur at very different times, and I hesitate to speculate on which ones will occur in order. But I do think that all of these changes in the fundamental structure of the employment market and the nature of the workforce are going to be life-changing for all of us.

Further, I believe that the vanishing jobs are going to leave a vacuum in their wake, for some time before those qualified to step into the newly-created positions will be able to counterbalance this unemployment by techno-extinction. Career counselors, students, Human Resource professionals, management recruiters and all individuals involved in business planning (as well as those involved in career advice) must incorporate these coming changes into their projected resource needs and staffing requirements.

Not only will some careers disappear only to be overtaken by brand new ones, but entire industries and business will face extinction if they cannot anticipate, adjust and evolve proactively.

Douglas E. Castle for  The Global Futurist Blog




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Tuesday, February 28, 2012

2012 And Beyond - Knowing What Will Happen - The Global Futurist Blog

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2012 - The Beginning Of The Future




The Futurism business is a tricky, controversial but necessary one. It poses multiple challenges. There are futurists who are primarily in the business of trend-spotting and intelligence reporting -- they provide a crucial real-time as well as "anticipatory" service... and then there are the predictors. In The Global Futurist Blog, I do a bit of both for my readers.

The near-term predictors tend to be judged much more harshly because their predictions will be early-on proved either accurate or inaccurate. Many a predictive guru has back-pedaled to explain (rather like an errant child, a central bank economist, or a politician) what unforeseeable circumstances or "wild cards" caused him to be off the mark. Yet, as a predictor of things, you are not truly permitted the latitude of explanation unless you have prefaced your prediction with a list of assumptions and 'ifs."

The more preconditioned your forecast upon qualifying assumptions, the less useful it will be. Near-term (i.e., within a one- to three-year time horizon) predictions are very difficult.

Those longer-term extrapolators of trends who paint brilliant futurescapes which can be expected to materialize 15 to 50 years from now have much more latitude than their more closely scrutinized and accountable shorter-run colleagues in the prediction arena.  They will not be held to account with as much severity.

And let's not forget that an influential futurist can actually make a prediction turn into a self-fulfilling prophesy by his or her own hints and the series of interrelated events which follow - almost like (in investment terms) making the market instead of calling the market.

In the coming days, weeks and months, I intend to enrich my content and your experience as my guests to include serious looks into not only my views of current intel, emerging trends, short-term predictions and far ahead futurescapes -- I will be adding much more of my colleagues' respective views on these aspects of Global Futurism to give you are better perspective of what my colleagues are thinking to compare and contrast with my individual views on the future.

My objectives are nothing short of making this particular destination the best resource for information regarding all aspects of trending, analysis and prediction available on the internet, and to make the related Twitter accounts a source of deeper, richer, more diversified content from the best sources.

It is my wish that you invest some of your future with me, and I thank you in advance.

Douglas E. Castle for The Global Futurist

For a list of interesting Twitter Feeds to follow, please visit The TwitterLinks Hubspot Blog and choose any or all of the feeds that suit your taste. Welcome.



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Thursday, February 16, 2012

Identity Randomization - Surveillance Camouflague/ Obfuscation

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Left-Click On The Pic For Full- Size Version



It is apparent that our actions (including our searches and surfing on the internet, our frequent GPS-trackable trips, our supermarket purchasing patterns, our medical treatments and prescription pick-ups, or credit purchases, our loan and utilities consumption and payments and countless other "data points", which if properly connected over a period of time could provide a powerful personal, emotional, physical and psychographic profile of every single one of us) while doing the ordinary dance of of our lives on the proverbial grid are being carefully surveilled and accumulated -- ostensibly for providing us with a "more personalized customer experience," or for making it easier to categorize us into the most likely purchasers of goods or services, or for [frighteningly] manipulating us through the manipulation of our environment at the most intimate levels.

Yes -- this is surveillance, a systematic intrusion of privacy, the accumulation of a "dossier" on each of us for use by anyone willing to pay for it. So long as we interface and engage with electronic commerce, we can count on being placed on lists, categorized, 'selected' for various 'responsibilities,' photographed, metered and observed. We have no privacy while we live in this civilization.

Various computer hacking attacks, bulk thefts of data, internet and social media harassment and worse are on the rise and cannot be abated as technology is further interwoven into the very fabric of the grid.

We either need camouflage, or tools for randomizing the data collected about us to render it unclear, if not totally useless. I call this defense strategy "Randomization," and it entails obscuring real patterns by a constant intrusion of "wild card" variables which conflict with what we are actually doing or wher we are really going; what we like and what we do not like; what are weaknesses are and what our strengths are.

I view this deliberate smokescreen as a necessary pre-emptive defense. A way to befoul (and render unreliable) dangerous statistical and probablistic patterns, confound data miners, paralyze blackmailers (or whatever Politically Correct euphemisms they may choose to call themselves by) and give us simple civilians living on the grid and engaging in peaceful, harmless activities a chance to be free of intrusion and harrassment.

Randomization produces obscurity.

Obscurity produces camouflage.

And camouflage is the next best thing to privacy.

Given more and more abuses of our privacy and privilege, and more intrusions interfering with our right to true life, liberty and the pursuit of happiness you could be looking at technologies developed to provide us with identity randomization.

And yes, I believe that identity randomization is going to be very much in demand -- just as I believe some very technologically sophisticated, intelligence-trained, evasive maneuver tacticians are going to get together with some very intelligent defectors from the other side, and develop these technologies for consumers and businesses to use as a veil of protection. Privacy and anonymity in certain circumstances (most of them quite simple and legal) are becoming increasingly valuable, and some futuristic entrepreneurs will develop the tools to enable us ordinary pedestrians to hide in plain sight. I sense a new era and some interesting investment opportunities in a growth industry, as well.

Maybe we can stay one step of The Adjustment Bureau. This could be wonderful for a restoration of purloined freedoms, and a boon to clever entrepreneurial leaders who believe that our individuality is sacred, and that a desire for privacy doesn't mean we have something to hide  -- but simply that we don't need voyeurs peeking in through our glass walled dwellings.

Douglas E. Castle for The Global Futurist Blog.

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p.s. Please visit Twitterlinks Hubspot.

Once there, you will find in excess of 35 different and fascinating Twitter accounts about a wide variety of topics. Choose as many as you'd like and follow them. If they don't prove interesting, informative, and occasionally funny, you can unfollow any of them. But I have a feeling you'll stay with us. -DC



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Wednesday, February 8, 2012

Merger, Acquisition And Joint Venture Activity For the Next 5 - 10 Years

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For those of you who either enjoy a mystery or an opportunity to laugh at the expense of others, look closely at the spelling of the words on the embedded image which follows underneath. Braintenance button was switched off. Obviously. -DC






During the next 5 to 10 years, merger, acquisition and co-venture activity is going to be fascinating to watch, and an interesting field for gamblers to play in. To gain some insight into the effects of some of these potential multinational mega-mergers, you might wish to briefly review the following post from the Internationalist Page Blog, and then hit your browser's "BACK" button to return here:

 http://theinternationalistpage.blogspot.com/2012/02/international-exchanges-mergers-and.html.

Here's what I am expecting:

1) Large amount of domestic and multinational mergers and joint ventures between small to medium-sized businesses in developing technologies, emerging consumer goods manufacturing and distribution, and others, founded upon synergistic vertical or horizontal integration and obvious synergy.

2) Joint ventures (non-mergers) between companies internationally which run along the lines of outsourcing, distribution and an evolving form of tariff-reducing "triangular trade:"

3) Acquisitions by publicly-traded companies in mature and non-tech or middle tech industries of smaller, emerging enterprises to create better utilization of resources and higher stock prices based upon social media buzz;

4) Mergers of publicly-traded companies which are currently multinational or international with others of the same status, but fewer mergers of publicly traded companies across sovereign boundaries;

5) Acquisitions of strategic and controlling blocks of shares of public companies in the United States and the EU by substantial and cash-rich Asian Investors;

6) Very few mergers of governmental, governmentally-controlled or quasi-governmental entities across national borders;

7) Mergers of mature companies whose technologies or captive consumer bases are perceived as possibly being in jeopardy -- expect some oil and gas company mergers, both domestically and internationally.

Please do stay tuned -- they'll be much more in the way of specific industry-focused predictions to come soon. Thank you for visiting with THE GLOBAL FUTURIST.

Douglas E. Castle [http://www.LinkedIn.com/in/DouglasCastle]

p.s. Please begin to follow The Internationalist Page at http://TheInternationalistPage.blogspot.com. No Futurist can limit his or her vision to any single domestic economy or society any more.

p.p.s. You might find one or more of our many Twitter streams  to be of great interest. For a comprehensive list of Twitter Feeds worth following, you are cordially invited to visit the newly-modernized TwitterLinks Hubspot Blog.



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Tuesday, January 24, 2012

Regrowth And Regeneration Of Limbs - New Frontiers

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It is a tragedy when an individual loses a limb. Medical research has focused on the areas of robotics, prosthetics, rehabilitation and compensating devices to provide, in some fashion for these losses. We've all heard tragic stories of "phantom limb pain," months and years of therapy and  destruction of lives, careers and relationships because of these losses, whether due to amputation (in the case of diabetes for example), war injuries, atrophy (muscular and neurological) and congenital deformities.

The ideal solution, of course, is to be made physically and functionally whole again. This would not be an ungainly workaround -- it would be a direct solution.
Please read the article which follows (from several weeks ago, but still desperately relevant) and continue to read my commentary for THE GLOBAL FUTURIST, which appears afterwards. An amazing future may be possible, and we should look at its possibilities and opportunities now.

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BigThink Weekly Newsletter:

How to Regrow a Limb

Megan Erickson on January 4, 2012, 12:00 AM

What's the Big Idea?

The loss of a human limb is a tragedy. We know that once they’re gone, mammalian arms and legs can't ever be restored. But if you cut off a salamander's leg - or tail - it will reappear in just a few weeks. The enigma of amphibian organ regeneration has puzzled scientists since it was first recorded by Aristotle, reaching its strangest and most scientifically-accepted heights in the 1700’s, when Voltaire decapitated a snail just to see if the head would grow back. (It did.)

Now, a new generation of longevity-seekers hopes to apply the power of amphibians like the salamander, the axlotl, and the worm to human medicine. Sonia Arrison, policy analyst and author of 100 Plus, believes that tissue engineering will revolutionize the treatment of chronic illnesses: “In the future, if we had the ability to grow a brand new heart or parts of hearts with that person’s very own adult stem cells, then when we know that they have heart disease, we could just replace the heart. All of those [costly] visits to the hospital, all of the drugs, won’t be required.” Better tools will enable us to repair people rather than just sort of patching them up for a little while until they get sicker and sicker, she says.

What's the Significance?






This idea is more practical than it sounds. Over the past few decades, scientists have begun to understand exactly how the regeneration process works in nature. When a salamander is injured, a clump of cells called a blastomea forms at the site of the wound. Like embryonic stem cells, the blastomea are especially plastic. These cells are then triggered to de-differentiate and re-initiate growth. (Debate remains over whether they're fully pluripotent, meaning that they have the ability to form any type of tissue, or whether the cellular dynamics merely have to be reprogrammed, as in recent studies by Doug Melton of the Harvard Stem Cell Institute.)

The trick, of course, is applying this knowledge to human anatomy. Arrison explains, "Since we all evolve from the same place, humans must have a set of genes that can allow for growing back new limbs - it’s just that they’re 'turned off' right now ." If we could figure out how to turn them back on, or to add new genes based on the salamander model, then it could be possible to create new organs from scratch. In fact, one of the biggest spenders in this story is the Pentagon, which has put at least $250 million in to the search to find a way to create new human organs in the lab.

“They’re funding work in terms of growing all sort of organs - bladders and windpipes and hearts and lungs, livers," says Arrison, "but also in hopes of figuring out how to regrow arms and legs" for soldiers wounded in combat. Thanks to this influx of public money, the field has moved forward much quicker than it would have otherwise. So far, researchers have succeeded growing hearts, livers, breast tissue, and bone in the lab. The brain remains elusive - but Arrison is optimistic: "The brain is much tougher than other organs in the human body, but work is moving along."

There are, however, two things that she's worried about. The first is that technology won’t move quick enough for those alive today. "We’ve made a lot of progress in terms of reverse engineering the human code, we’ve made a lot of progress in tissue engineering and gene therapy, but it’s that we still have a ways to go." she says. The second is that, if we do see organ regeneration applied to medicine, the distribution of benefits like faster healing and increased longevity will be inequitable: 
How long will the gap be between the wealthy getting it and the poor getting it? Because we’re already starting from a point of inequality. If you look around the world, life expectancy in Monaco in the South of France is around 90 years. Life expectancy in Angola is around 38 years. That’s like a 50-plus gap of an entire lifetime, really. And then within the United States, there’s a pretty decent gap as well. An Asian-American woman living in New Jersey has a life expectancy of around 91 years. A Native-American man living in South Dakota has a life expectancy of about 58 years.
There's already a fifty year difference in what it's like to be rich and poor in the world, which may or may not be alleviated by technology, she says, depending on how we choose to use it.

####


Observation, Conjecture And Commentary:

Putting aside, for a moment, the issues of longevity and its correlation to wealth and exogenous environmental or situational variables, let's look at where we might start to be looking (and investing resources):

1) Studying and developing cellular plasticity - observing how certain cells, each equipped with a full complement of the organism's DNA, can assume different functions to compensate for the loss of other cellular functions;

2) Studying and developing stem cell research - where "basic cells" can be "influenced" or "instructed" to become specialized in certain ways. Either outside of the body, or appended to the body, these initially amorphous cells can "learn" to become the necessary parts or assume the needed functions;

3) Studying electromagnetic and electrochemical forces which can cause regeneration based upon (these are highly theoretical reasons) an activation of new growth from the "root" or "remnant" of an old limb, or through a stimulation of the electronic "framework" of the body as it would be if whole to create new growth through completion of the blueprint. I personally believe that the greatest possibilities lie in the notion of regeneration chambers or similar devices -- the mystery is precisely what force stimulates completion/construction of the body to duplicate its complete blueprint.

Douglas E Castle for THE GLOBAL FUTURIST


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Thursday, January 5, 2012

The Ever-Widening Wealth Gap

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"If the peasants are crying because they haven't any bread, then let them eat cake." This is a loosely translated quotation from some plutocratic, indifferent, callous, out-of-touch-with-the-common-serf, and likely French woman of great stature who should have shut up before she ultimately lost her head. Statements like the previous are almost as offensive as Leona Helmsley's  infamous "Taxes are for the little people."

The perception of the pampered, rich and powerful (can't you feel my envy?), who live in a certain isolation from the trials and tribulations of the wage-earning or unemployed crowd (the masses), is quite different than that of their poorer counterparts and, in the case of politics, constituents. There are very few truly wealthy people in the world, and they are vastly outnumbered by the struggling peasants who aspire to what amounts to at least a reasonable standard of living.

The disparity in wealth and income which separates these two groups is increasing rapidly, and dramatically. The social configuration is inefficient in terms of "government by the consent of the governed," or "government representing the interests of citizenry." This is because those who attain high political office and become part of the ruling class are so much wealthier than those who elect them that they cannot possibly empathize with the issues of the voters...the unrepresented majority.

This is happening all over the world. The United States is only one example.

To bring this difference in perception into clearer focus, when a Fortune 100 Director says he's struggling to get by, he might be saying it in a fine restaurant over cocktails while his chauffeur awaits, patiently parked at the curb. Or he might complain about it at the country club or at an executive retreat. When a commoner (as I am) says I am broke, he literally is on the verge of having his home foreclosed, clunky car repossessed, and has less than $4.75 in his jeans pocket. He is truly immobilized and worried to an extent which those elected officials, sheltered as they are on Mount Olympus, cannot remotely understand or relate to.

This makes for government of the increasingly growing population of poor folks by bodies comprised of wealthy, ideologically removed, wealthy folks. They cannot represent the interests of people to whom they cannot hope to relate!

An interesting article extract follows for your review. After you've taken a good read through it, take a look at my conclusions for THE GLOBAL FUTURIST.
---------------

The Wealth Gap Between Congress and Voters Is Growing



Both The New York Times and The Washington Post have separate reports today about the widening wealth gap between members of Congress and the people they represent. Almost half of all Congresspeople are millionaires and their median net worth has climbed to $913,000, compared to $100,000 for the rest of America households. 

According to the Post, that number drops to $725,000 when excluding home equity (and adjusting for inflation), but the same median figure for American families is just $20,500. And that gap has only grown wider in recent years.
Related: GOP Congressman Scraping By on Only $400,000 After Taxes

The biggest reason for the disparity is the sheer cost of running for office, which is both a full-time job and an expensive undertaking. The average successful House race costs $1.4 million to stage (the average Senate campaign is almost $10 million), and candidates are allowed — and often need — to donate as much as they want to their own effort. 

The costs of advertising and travel make it increasingly difficult for anyone who doesn't already have money to get their name out there. There have also been concerns raised recently about the ability of politicians to profit from their position, both through contacts made and the ability to trade stock based on privileged information.
Related: The Net Worth of Congress Rose 23.6% Since 2008

Even putting aside the questions of influence and corruption, the biggest concern is that those who elected to Congress are more out of touch with the world of their constituents than ever before. How can they be expected to look out for the interest of citizens when the biggest issues facing them — unemployment, health care, wages — are unknown to most of those who are supposed to be looking out for them? Or worse when addressing those issues directly contradicts their own interest, as when millionaires are asked to vote on a "millionaire's tax"? The biggest political movement of the last year, Occupy Wall Street, has been devoted almost exclusively to addressing the gap between rich and poor, but it's hard to see how any change becomes possible when that gap is greatest among those in a position to do something about it.
---------------



I am predicting:

1) An increasing number of one-term politicians, and increasing legislative turnover;

2) Increasing protests and acts of rebellion (i.e., "Occupy Wall Street") on the part of the citizenry against any person or institution which represents wealth and power;

3) Increasing pressure on investigative journalists prosecutors and judges worldwide to bring investigate, isolate and punish (i.e., make examples of) many of the world's rich and powerful, rendering this latter group somewhat paranoic for the first time since the Middle Ages;

4) An exodus of the powerful from public life to private puppeteering and market manipulation;

5) Ordinary envy turning to heightened animosity, acts of rebellion, and citizen activism.

I foresee dramatic upheaval in the composition and privileges of elected officials and government in general during these next five years. In defense, I would also expect to see many politicos finding new nesting places in the military-industrial complex, where they will continue to rule, but with a great deal less transparency, and with increased power.

While the rich will always win, I envision wild, extremist political battles, and the shift into the private sector of those who are old hands at being part of the governmental elite. This could portend a new brand of medieval feudalism surfacing as the new form of government.

"Let them eat cake?" Not one of the answer choices.


Douglas E. Castle


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