William Halal's blog

The “Crisis of Capitalism” has entered a more quiescent phase, leaving massive threats looming overhead like swords of Damocles. After being rocked by financial crises, climate change, political gridlock, and the Middle East in flames, the world seems to have entered an eerie calm reminiscent of the eye of a hurricane.

What if our great corporations could direct their enormous capabilities to solving the global mess we have all created – financial crises, depressed economies, political gridlock, climate change, and endless conflict?

Yes, I know it sounds loony, hyper-liberal, Marxist, and unrealistic to think that true-blue Americans could actually revolt against the system we all grew up with. Capitalism is cherished in America, the source of economic creativity, an abundant life-style, the freedom for anybody to make it, and countless other blessings.

Leaders from Bill Gates to the Pope are worried about the “Crisis of Capitalism,” yet defenders of the American system that almost brought down the world economy are digging in.

With all the depressing news of raging wildfires and killer tornadoes in the Southwest USA, the threat of climate change is now real, but where are the solutions? After all, this can only get worse.

This is a confusing time, with the US in gridlock, the Great Recession rolling on, killer tornadoes and forest fires dealing a bitter dose of climate change, post-Bin Laden terrorism possibly spreading to Yemen and other failed states, and more surprises sure to come.

The popular revolts erupting in Iran, Tunisia, Egypt, Jordan, Libya, Syria, Yemen, and other Arabic nations surprised us, but they are another reminder that bold change is always a shock. Think of the similar changes that also shocked us when the USSR imploded, when women gained power, when the environment turned sacred, when blacks became accepted, and gays were liberated.

I was invited back to Singapore to keynote the International Risk Assessment and Horizon Scanning Symposium with hundreds of the world’s best futurists, planners, forecasters, government policy-makers, entrepreneurs, business executives, and other interesting people. Singapore is always a luxury to visit, of course, but the focus was on where does the world go from here?