Tuesday, January 8, 2013

Recommended: The Crisis of the Middle Class and American Power

George Friedman, CEO of STRATFOR, has posted another of his insightful pieces,  The Crisis of the Middle Class and American Power.  He argues that while high unemployment is a short-term geopolitical threat to Europe (because it may well lead to the eventual breakup of the Euro zone), US unemployment, bad as it is, is not a short-term threat, but it is a longer term geopolitical threat to us because of the structural changes that are decimating the middle class.

This is a well-argued piece that points to an important change in American life.