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James Wolfensohn (Former World Bank President) Says There Is A Big Shift Coming

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United States
04/08/2012 06:25 PM
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James Wolfensohn (Former World Bank President) Says There Is A Big Shift Coming
"James Wolfensohn, former president of The World Bank and CEO of Wolfensohn and Co., addressed Stanford Graduate School of Business students with details about his work at the World Bank during its transition years and how the equation between developed and developing countries is changing. Wolfensohn claimed that in the next 40 years, a global power shift will see today's leading economic countries drop from having 80% of the world's income to 35%."

"By 2030, two-thirds of people in the world's middle class will be Chinese, Wolfensohn said. "These are not trivial changes -- they are tectonic changes in the way the planet works. In my generation we didn't have to think about it. We knew we were a rich country."

You can read the article here [link to www.gsb.stanford.edu]

The times are changing...They are not going to change or fix anything. It's OUR problem and OUR responsibility.
"You have to understand, most of these people are not ready to be unplugged. And many of them are so inured, so hopelessly dependent on the system, that they will fight to protect it." -Morpheus