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.