I’m not an economist. I wouldn’t pretend to understand the micro and macro economic issues currently facing the US and the world. One thing is clear, however, we are in a global and painful shift of enormous magnitude. It’s as if the world is morphing–somewhat due to mistakes made and somewhat due change and transition. I had a two hour drive this morning to get to an airport. On the way, I heard a story about two high level Tribune publishers who are leaving their jobs. The Tribune papers are losing money and subscriptions. Papers, in general, are in trouble. Will papers survive? Only those that can adjust and adapt to the growing pains that come with change.
To handle growing pains, we must appreciate that shifts can be painful, but are ultimately helpful. The deterioration of one system is the beginning of another.
One thing is sure: The change is going to happen. The real issue is, how will we respond.