Yes good times are over and goverments need tighten their budget.
It seems like world moving towards new feodalism where in many countries goverment don't have money to support anything.
So it will create wealth gap and If world start to divided: rich or poor no middle-class then If you have 100,000$ your bank account then you fall into poor category likely.
World moving in situation when poor cant enjoy many things including quality medical service or even security since goverments need to tighten their budget.
World will turn more like los Angeles kind of place where there is Beverly Hills and other areas where there is enough police rescue and medical service for richer areas.
Off course that alone will create unrests of society because many people feel that's not fair as middleclass will likely fall into poor class.
Europe have off course problem they commodities food and better resources cheaper way and more effient yes there is a lot money in europe Banks like UBS but money alone is nothing just causing the inflation If there is no sustaineble sectors involved.
If we continue this way then yes we will have rich and poor no more middleclass.
Government in most countries are idealistically moving towards a new feudal system no doubt, some with pretence of democracy and a supposed rule of law, when in reality those of them in government are seriously ripping the people off their entitlements. I think what has emboldened this suppose feudal system and has created so much gap between the rich and the poor is the docility on the side of those been governed, because I feel people have refused to come out to question budgetary allocations and the implementation of those projects on things that affects them primarily like electricity, medical services, infrastructure, food security, job creation and the rest of it. So for me, citizens need to push for more responsibility on the side on government, because they are the ones that collect tax and revenue to provide all of this basic things, citizens most learn to hold the government by the jugular if not complains of this nature will not seize to end. It seems like world moving towards new feodalism where in many countries goverment don't have money to support anything.
So it will create wealth gap and If world start to divided: rich or poor no middle-class then If you have 100,000$ your bank account then you fall into poor category likely.
World moving in situation when poor cant enjoy many things including quality medical service or even security since goverments need to tighten their budget.
World will turn more like los Angeles kind of place where there is Beverly Hills and other areas where there is enough police rescue and medical service for richer areas.
Off course that alone will create unrests of society because many people feel that's not fair as middleclass will likely fall into poor class.
Europe have off course problem they commodities food and better resources cheaper way and more effient yes there is a lot money in europe Banks like UBS but money alone is nothing just causing the inflation If there is no sustaineble sectors involved.
If we continue this way then yes we will have rich and poor no more middleclass.
