"The Organization for Economic Cooperation and Development -- a
pro-establishment, rock-ribbed bastion of pro-market thinking -- has
released a report predicting a collapse in global economic growth rates,
a rise in feudal wealth disparity, collapsing tax revenue and huge,
migrating bands of migrant laborers roaming from country to country,
seeking crumbs of work. They prescribe 'flexible' workforces, austerity,
and mass privatization.
The report, Policy Challenges for the Next 50 Years ,
makes a number of assumptions about the impact of automation on skilled
jobs in the workforce, the end the recent growth in the developing
world (especially the BRIC nations), and a series of worsening
I think this is more a call for change then prediction. It's obvious that we are moving currently toward a time when there are only serfs and lords. The rich accumulate all the wealth, and dole it out as needed to those below. I thought we had already grown out of this system, but apparently not.