The 2012 Global Risks report was released on Wednesday, with
information that leaves us uncertain of our economic future. The Global
Risks report is a 60-page analysis of risks that the World Economic
Forum discuss during an annual meeting that lasts two weeks long. The
people that attend these meetings are politicians, central bankers, and
business leaders. In the article I've read, Global Risks Report 2012 Find Income Inequality To Be A Threat To Economies Worldwide,
there is a huge rise in youth unemployment, retirement of peoples with
debt, high levels of government debt, and the conflict of inequalities.
As we've seen in the United States with the "Occupy" movement and
protests occurring in the Arab world known as Arab Spring or the Arab
Awakening, as well as other places in the world, people are getting
upset by these inequalities of upper class people being part of the 1%,
while the rest of us (99%) are getting paid nowhere near what these
corporate executives are making. along with many other things that could
use some fixing. "For the first time in generations, people no longer
believe their children will grow up to have a better standard of
living." This quote from the article really shows how realistic this
global social problem really is. Children at young ages are realizing
that they aren't headed to a stable future, realizing they must attend
college, if not, graduate school to make a good earning in this country,
as well as other countries all over the world. And sometimes that's not
even a possible choice for a person.
One of the
problems with this "Global Risk report" is that the people that are
discussing it are the people that are actually part of the 1%, central
bankers and business leaders, along with the politicians. I am hoping
that in the years soon to come these people will take into recognition
the effects of the Occupy Movement and other movements such as Arab
Spring and do something to try and help this economic stress that we're
under, as a world. "The Arab Spring demonstrated the power of
interconnected communications services to drive personal freedom, yet
the same technology facilitated riots in London" said by Steve Wilson,
who is the chief risk officer for general insurance at Zurich Financial
Services. This shows these corporate monsters how fast word gets around
due to social networking and how more people are getting involved with
social movements. I hope that these social movements turn into
revolutions and continue to impact decisions as a globe.
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