World Economic Forum warns of economic turmoil and social upheaval

[marmar]

from the Guardian UK:



The threat of fresh economic turmoil and social upheaval threaten to put at risk the gains produced by globalisation, the World Economic Forum said on Wednesday.

In its annual assessment of the outlook for the global economy, the WEF set the scene for its meeting in Davos later this month by warning that the "seeds of dystopia" were being sown.

The growing number of young people with little chance of finding a job, an increasing number of elderly people dependent on states deeply in debt and the expanding gap between rich and poor were all fuelling resentment worldwide, the forum said in its Global Risks 2012 report on Wednesday.

"For the first time in generations, many people no longer believe that their children will grow up to enjoy a higher standard of living than theirs," said Lee Howell, the WEF managing director responsible for the report. "This new malaise is particularly acute in the industrialised countries that historically have been a source of great confidence and bold ideas." ..................(more)

The complete piece is at: http://www.guardian.co.uk/business/2012/jan/11/world-economic-forum-meeting-davos?newsfeed=true

[xchrom]

1. that was the point -- it's just now it's been noticed

and you have to make official expressions of concern and surprise.

[BeHereNow]

2. +1 gazillion

bhn

[leftyohiolib]

3. just a result of the war on the 99% by the rich