The Great Transition - A Giant Popping Sound

"Did you hear it last week? I mean the Giant Popping Sound of the largest financial mania in history as it continues to deflate, ripping through stocks and markets across the globe.

"The gloomy weekend news reports focused on the sudden sentiment change on Wall Street, the terrible market losses -- the worst in 2 years - and increasing investor nervousness about a looming economic slowdown. But few reports put it into a larger perspective. The Giant Popping Sound last week was actually just another step along the way in the ongoing, seismic readjustment that it taking place in the global social, economic and political order. Peter Drucker describes it quite bluntly in the introduction to his book, 'Post-Capitalist Society:'

"Every few hundred years in Western Civilization, there occurs a sharp transformation. . . Within a few short decades, society rearranges itself - its worldview; its basic values; its social and political structure; its arts; its key institutions. Fifty years later, there is a new world, and the people born can't even imagine the world in which their grandparents live and into which their own parents were born."

"We are currently living through just such a transformation....