A Quote by Chrystia Freeland
Our light-speed, globally connected economy has led to the rise of a new super-elite that consists, to a notable degree, of first- and second-generation wealth.
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When you're first-generation money, you want to say, "I got a Mercedes and a Rolls and a Lamborghini. Take a look." When you're second-generation money, you're very quiet behind your country club doors. I think that's why people are much more aware. It's the first-generation wives that have the huge rings and the second-generation says, "Everyone be quiet as we get on our yacht or our private plane."
Today's children are living a childhood of firsts. They are the first daycare generation; the first truly multicultural generation; the first generation to grow up in the electronic bubble, the environment defined by computers and new forms of television; the first post-sexual revolution generation; the first generation for which nature is more abstraction than reality; the first generation to grow up in new kinds of dispersed, deconcentrated cities, not quite urban, rural, or suburban.
There are broader and narrower definitions of the new economy. The narrow version defines the new economy in terms of two principal developments: first, an increase in the economy's maximum sustainable growth rate and, second, the spread and increasing importance of information and communications technology.
God manifests himself to us in the first degree through the life of the universe, and in the second degree through the thought of man. The second manifestation is not less holy than the first. The first is named Nature, the second is named Art.
Millennials, and the generations that follow, are shaping technology. This generation has grown up with computing in the palm of their hands. They are more socially and globally connected through mobile Internet devices than any prior generation. And they don't question; they just learn.
The young generation of today is globally connected. They want to live in an equitable and efficient India. We have to be ready for this, and work for this.
The first few feet of sea-level rise alone will displace more than 100 million people worldwide and turn all our major Gulf and Atlantic coast cities into preKatrina New Orleans - below sea level and facing super-hurricanes. - Joseph Romm210. The generations living today get to retrofit, reboot, and reenergize a nation. We get to rescue and reinvent the U.S. economy.
This is what happens under capitalism - as long as corporations and the super rich own the economy and the politicians, every new generation has to fight hard just to defend itself.
I don't mean to imply that we are in imminent danger of being wiped off the face of the earth - at least, not on account of global warming. But climate change does confront us with profound new realities. We face these new realities as a nation, as members of the world community, as consumers, as producers, and as investors. And unless we do a better job of adjusting to these new realities, we will pay a heavy price. We may not suffer the fate of the dinosaurs. But there will be a toll on our environment and on our economy, and the toll will rise higher with each new generation.
We have concentrated wealth and capital to such a degree that the vast majority of us don't have the discretionary dollars to make our economy go and grow.
In such a globally connected world, musicians now have the unique opportunity to express all of the cultural 'mash ups' we are experiencing these days. Akin to the blend of cultures that occurred in early 20th-century New Orleans that led to the birth of jazz, I believe that the world has reached a similar cultural turning point.
As I have been arguing for a long time now, there is a real need not simply for a political economy of wealth but also for a political economy of speed.
The second corruption of the state is oligarchy (oligos = few), in which the military elite is narrowed down to a few ruling families of immense wealth and prestige, who now openly flaunt their wealth and possessions.
At two-tenths the speed of light, dust and atoms might not do significant damage even in a voyage of 40 years, but the faster you go, the worse it is--space begins to become abrasive. When you begin to approach the speed of light, hydrogen atoms become cosmic-ray particles, and they will fry the crew. ...So 60,000 kilometers per second may be the practical speed limit for space travel.
There is a clear connection between developing the skills and talents of young people, and our economic success as a province. Initiatives like the Make Your Pitch competition and the Ontario Social Impact Voucher help us nurture the next generation of business leaders. We will continue creating an inviting environment for our next generation of entrepreneurs, ensuring they develop the right skills needed to succeed in a globally competitive economy and build the future of Ontario.
To people I know in the bottom income brackets, living paycheck to paycheck, the Gig Economy has been old news for years. What's new is the way it's hit the demographic that used to assume that a college degree from an elite school was the passport to job security.
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