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Date: 2022-09-26 Page is: DBtxt003.php L07-01-PROBLEMS
PROBLEMS
MANY ISSUES & EXISTENTIAL RISKS
SYSTEMIC FAILURES / HUNGER / POVERTY / HOPELESSNESS / DESTRUCTION
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INEQUALITY
Top 1% The Bottom of the Pyramid

Obscene Wealth

Terrible Poverty

Urban slums

Malnutrition

Starvation

Genocide
Corporate decision makers have eliminated many well paid middle class jobs
Many jobs were outsourced to places where wages were lower, working conditions dangerous and environmental impact uncontrolled. These places had positive economic growth at the expense of the workers who had lost their jobs! Corporate executives and stockholders also benefitted at the expense of those who had lost their jobs.
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FINANCIALIZATION

Stock market

Intangible value

Money supply

World GDP growth

US GDP growth

GDP v GPI
A digital virtual world has taken over from the real world
Binary logic is so much easier than reality. Computers have little ability to do complex thinking, and substitute massive speed for thoughfulness. There is a lot more data, but not much more understanding.
This has been aided and abetted by business schools that equate financial wealth with success. Money wealth has grown rapidly, but not so much happiness, and natural capital has been degraded and destroyed.
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CLIMATE CRISIS
Cyclone Wind Eye of storm Hurricane Floods Floods
Leaders have failed to address the crisis of climate change for many years
Leaders in business, banking, politics and academia, as well as consumers, have done little or nothing to change 'business as usual' even though the scientific concensus since the 1980s has been that climate change was being aggravated by modern industrial activities. There is now a climate crisis.
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EVIL LEADERSHIP / NO MORAL COMPASS
Yemen Ali Abdullah Saleh, Liberia Charles Taylor, Syria Bashar al-Assad Libya Muammar Gaddafi Zimbabwe Robert Mugabe Uganda Idi Amin
Some very nasty national leaders
National leadership matters. There was a lot of criticism of the role of colonialism much of which was justified, but leadership in many nations around the world is deeply flawed with those in power enriching themselves at the expense of the people. International assistance has been minimally effective.
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INEQUALITY
Obscene Wealth
Terrible Poverty
Juxtaposed
A problem that has been growing for about 4 decades ... and ignored for all this time. Rich 'successful' people are responsible for this and will not do anything about it.
MORE ... Open L0700-XR-Inequality
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UNHAPPINESS
Unhappiness
Suicide
Stress
While many economic indicators have improved, many social indicators have deteriorated. Many people in rich countries are economically stressed and this is reflected in their behavior and state of health. For many things are getting worse not better.
MORE ... Open L0700-XR-Inequality
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STARVATION / MALNUTRITION
Africa
North Korea
Somalia
Mostly caused by war and violence, but increasingly also being caused by dysfunctional governing institutions and climate change.
MORE ... Open L0700-XR-Food-Insecurity
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WAR / DESTRUCTION
Aleppo, Syria Sanaa, Yemen Mosul, Iraq The value destruction associated with war is ignored in metrics like GDP ... though the production of the bombs that do the damage are included.
MORE ... Open L0700-XR-War
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DEATH ... WANTON KILLING
Monrovia, Liberia Darfur, Sudan Rwanda The horror of killing ... genocide ... is tough to witness. But too many world leaders have been responsible for this behavior in both the distant and recent past.
MORE ... Open L0700-XR-Wanton-Killing
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URBAN DEGRADATION
Detroit, USA Modern slums Kibera, Kenya The modern 'for profit' market driven economy does not result in quality affordable housing, but rather extreme opulance or derelict properties and slums.
MORE ... Open L0700-XR-Urban-Degradation
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AIR POLLUTION
Air pollution Land fill Plastic Products are important to improve standard of living and quality of life, but most products post use then become waste that in many cases pollutes the planets for a very long time.
MORE ... Open L0700-XR-Industrial-Pollution
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WATER POLLUTION
Oceans Rivers Drinking water Products are important to improve standard of living and quality of life, but most products post use then become waste that in many cases pollutes the planets for a very long time.
MORE ... Open L0700-XR-Industrial-Pollution
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LAND DEGRADATION
Mining Deforestation Desertification Undeveloped natural land is very important for the operation of the global ecosystem, but more and more of natueral land is being developed either for agriculture or for industrial or urban development.
MORE ... Open L0700-XR-Degraded-Land
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CLIMATE CRISIS ... EXTREME WEATHER
Hurricanes Rain / Flooding Tropical depressions Extreme weather events are getting more frequent and more ferocious. This is not suprising given the huge increase in the latent energy of the climate system that results from just a small increase in global temperatuve.
MORE ... Open L0700-XR-Climate-Change
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CLIMATE CRISIS ... GLOBAL WARMING
Ice Melt Ice Melt Oceans Rising Extreme weather events are getting more frequent and more ferocious. This is not suprising given the huge increase in the latent energy of the climate system that results from just a small increase in global temperatuve.
MORE ... Open L0700-XR-Climate-Change
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DROUGHT / WATER SHORTAGES
No water everything dies In a drought ... without water, vegetation dies, livestock die and eventually people die. Without water, life cannot be sustained.
MORE ... Open L0700-XR-Drought-Water-Shortages
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PUBLIC FINANCE CRISIS
Investment bulls Stock Markets Money The world has more money today than at any time in history. Financial wealth is at historic records. But most of this wealth is concentrated in a few private hands and public finance is starved of needed resources.
MORE ... Open L0700-XR-Drought-Water-Shortages
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