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Jim Hasse's avatar

Usually, throughout history, the very rich have dominated most societies.

As a young man in the 1970s, I saw the middle class represent about 45 percent of the population in America. I felt some hope that our country could go against precedent and prove that the middle class could continue to grow.

Now I’m not sure about that unique promise of America. The middle class portion of our population is now shrinking, and we are dominated by the very rich. Multinational companies have managed to gain 40 to 50 percent of the market share among many business sectors.

40 years ago I thought we had an opportunity to prevent that trend and maintain robust competition within the marketplace and within politics.

But are we now beyond the tipping point, where things tend to correct themselves? Is reform, for the benefit of the average person in America, going to be increasingly difficult as we go into mid-century?

Life-changing inventions, economic collapse and widespread war have traditionally been the engines to change social order (for bad or good) globally and within countries.

My hope is that war and depression are out of date as prime change agents. Today we’re in a whole new situation in which life-changing breakthroughs are coming at us from at least eight different directions.

Look for mind-bending changes in biotechnology, gene editing, biofuels, quantum computing, space exploration, renewable energy and materials science as well as artificial intelligence, the engine of them all.

How we manage those changes will determine who benefits: the many or the few.

* How have your thoughts changed about a tough issue that, over the years, never seems to be resolved?

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