There's a very good possibility that our economy will remain like it is until serious systemic changes are made and our educational offerings are more effective than they've been for decades now. The systemic changes relate to government interference in the economy. Not only in America, but in Europe and China, too, we're experiencing the consequences of decades of central economic management by interventionist governments, plus America is experiencing the consequences of foreign interventions which grew out of 9/11. Although China has been heralded as the new economic power, China is building a bubble through systemic mismanagement just like America and Europe built their bubbles.
We face a decision of supporting 15% or so of our population while the remainder achieves mixed success. Large corporations have had success in the global economy, but America is stalled at home with not enough wealth creation to afford profligate government spending. Now, our politicians are trying their best to come up with acceptable ways to raise revenues, but raising revenues will only keep us afloat a while longer. We need economic growth and wealth creation, and that's not happening to the extent necessary. There's no need to think the world has hit a natural wall, not with all the urealized potential regarding improvement of living standards from Africa to South America, but all global economies need systemic changes for this to happen.
We in America can release the private sector only through systemic changes in government, but the chances of this happening in the next five to ten years are not good. If we decide to support 15% or so of the population, this will cause class problems as many people are left behind living at a subsistence level. There are many in our society who excell and advance in the current economy with the right education, and they will continue to do well. Another large portion will tread water but still live better than most people around the globe. America can do better, but like the article says -- right now reality is having its say.