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Friday, 16 May 2008
 
 

The New Feudal Society: How to Prosper in the Coming Age of Poverty and Privilege

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The New Feudal Society: How to Prosper in the Coming Age of Poverty and Privilege

Are we are entering a New Feudal Society? As an example of what is occuring in our national economy, median househould income (adjusted for inflation) topped-out in 1999 and has been declining ever since. It is now 3.8% below the 1999 peak. This is unheard of in the post World War II era. This is in addition to substantial rising benefit costs to employees. In this environment the new lords will be those people who can quickly discern, adapt to,and exploit the unpredictable movement in the turbulent flow of life
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