Continued from page 1
In much
same way,
revolution that is underway now is also to do with
spread of information. The 'culprit' now of course being
computer chip, or more precisely
personal computer. Once, all
information and power was in
hands of governments and large institutions. Now everyone has it. This will impact in major ways on economic structures, on working methods and on social structures.
We already know that
world's economies are in crisis and that whole countries are virtually broke. Powerful countries like
US are so heavily in debt that by 1995, 57% of tax revenue was needed just to pay
interest on its loans. The UK, Germany and Canada are also in serious trouble and they are not alone. Japan is more heavily in debt even than
US and will contribute to
other's worsening situation when it tries to off-load its interests.
What happens when you and I can't pay our debts is that we don't get any more credit and go bankrupt. When it is a major government, they have
option of printing money (yes, don't we all wish). That leads to inflation, rising interest rates and
then value of
money becomes totally worthless.
Part of
result that will affect
ordinary person will be
collapse of infrastructures such as
welfare state. We can already see how
UK National Health system is in serious decline, underlined by
recent reports of
child that died, kept alive for 18 months by private donations after
National Health had decreed that it wasn't worth it to give her any further treatment. Fundamental health decisions will continue to be made on such economic basis. For
same reasons and because of people's greater life expectancy, governments will not be able to fulfil pension obligations. These sorts of basic aid will end up going only to
most needy.
After
technological revolution,
only way to survive this economic revolution will be to return to old ways with a twist. Cottage industry (albeit hi-tech), self-sufficiency and bartering. This revolution will inevitably bring about much social unrest so those of us that live in relatively safer areas will also be at an early advantage. The technology at least means we can work anywhere. Those that will survive best will be those with skills that they can adapt to making their own living.
I do not feel that it is any coincidence that many of
'new' ways of living will also be better for
planet's environment. I believe that these cycles are intrinsically linked. Think of how many people you know that survive doing 'a bit of this and a bit of that'. If anyone is, we ought to be in a good position to survive into
next millennium.
