Seizing the Future
The deep, structural roots of the current crisis lie in the extensive transformations that have occurred in the world since the 1970s. Many factors have brought about deep economic, political and social changes – primarily the oil crisis and the first crisis of the international monetary system, but also the end of dollar convertibility into gold, which showed the first sign of weakness of the world order based on bipolarism, and a crisis of the mass production system. Consumers started to ask for more varieties of products, more care for the environment and more room for leisure, in contrast to the mentality of the post-war period up to the 1960s that was based on hard work for later pleasures. This has contributed, at least in developed countries, to a booming services sector. Advertising by large corporations has also certainly influenced this changing propensity to consume (Bailey and Cowling, 2006). Demography in developed countries has started to change with ageing populations, implying new social security needs and new products and services, especially those related to health care and leisure. Technological progress has brought about important changes in the potential to produce and to live, from the electronics revolution to the development of the information society. Globalisation is often claimed to be a phenomenon arising in the 1990s, but it started much earlier and has been determined by many economic, technological, political and social changes. From the 1980s onwards, the financial sector started to develop rapidly, and above all in a manner distinct...
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