March 16th, 2011 // 10:42 am @ Oliver DeMille
The obvious big trend right now is that oil prices threaten to reverse economic recovery across the globe.[i] The recent problems with nuclear power in Japan only promise to exacerbate the oil crisis. And the concern about a second mortgage bubble lingers.[ii] Food and other retail prices are increasing at alarming levels while unemployment rates remain high. In addition, some trends and current affairs promise to significantly influence the years ahead despite receiving little coverage in the nightly news. Here are ten such trends that every American should know about:
- “In the wake of the financial crisis, the United States is no longer the leader of the global economy, and no other nation has the political and economic leverage to replace it.”[iii] Increased international conflicts are ahead.
- The new e-media is revolutionizing communication and fueling actual revolutions from the Middle East to North Korea.[iv]
- The new media is also differentiated by both political views and class divisions,[v] meaning that people of different views hardly ever listen to each other. This is creating more divisiveness in society.
- In response to the rise of the Tea Parties, some top leaders of American foreign policy feel that Washington must find ways to promote a “liberal and cosmopolitan world order” and simultaneously “find some way to satisfy their angry domestic constituencies…”[vi] The disconnect between the American citizenry and elites continues to increase. So does the wage disparity between American elites and everyone else.[vii]
- The evidence suggests that “teams, not individuals, are the leading force behind entrepreneurial startups.”[viii] This has been a topic of debate for some time, and a new book (The Invention of Enterprise by Landes, Mokyr and Baumol[ix]) outlines the history of entrepreneurship from ancient to modern times.
- As Leah Farrall put it, “Al Qaeda is stronger today than when it carried out the 9/11 attacks. Accounts that contend that it is on the decline treat the central al Qaeda organization separately from its subsidiaries and overlooks its success in expanding its power and influence through them.”[x]
- One trend is outlined clearly by a new book title: Alone Together: Why We Expect More From Technology and Less From Each Other.[xi]
- In contrast to popular wisdom, democracy and modernization are significantly increasing the influence of religion in many developing regions around the world.[xii]
- More people are using Facebook to connect more with their children—in one survey this included 64% of those surveyed.[xiii]
- While governments—at national, provincial/state and local levels—are increasingly strapped for cash and struggling to balance budgets and service looming debts, many multinational corporations “sit on enormous stockpiles of cash…”[xiv] This reality is giving strength to the argument in some circles that the future of governance should be put in the hands of corporations rather than outdated dependence on inefficient government.[xv]
[i] “The 2011 oil shock,” The Economist, March 5th, 2011.
[ii] Consider the ideas in “Bricks and slaughter,” The Economist, March 5th, 2011.
[iii] Ian Bremmer and Nouriel Roubini, “A G-Zero World,” Foreign Affairs, March/April 2011.
[iv] See James Fallows, “Learning to Love the New Media” and Robert S. Boynton, “North Korea’s Digital Underground,” The Atlantic, April 201.
[v] Op. cit., Fallows.
[vi] See Walter Russell Mead, “The Tea Party and American Foreign Policy,” Foreign Affairs, March/April 2011.
[vii] See “Gaponomics,” The Economist, March 12th, 2011.
[viii] See Martin Ruef, The Entrepreneurial Group, 2011, Kauffman.
[ix] 2011, Kauffman.
[x] Leah Farrall, “How al Qaeda Works,” Foreign Affairs, March/April 2011.
[xi] By Sherry Turkle, 2011, Basic Books.
[xii] See book reviews, Foreign Affairs, March/April 2011.
[xiii] Redbook, April 2011.
[xiv] See op. cit., Bremmer and Roubini.
[xv] See the following: Shell Scenarios; “Tata sauce,” The Economist, March 5th, 2011; Adam Segal, Advantage: How American Innovation Can Overcome the Asian Challenge, 2011, Council on Foreign Relations; and “Home truths,” The Economist, March 5th, 2011.