Assignment#4

summary and explanation of Wagar's first future, opinion about Wagar's first future.


Wagar's first future is globalized liberal demogratic capitalism. Breakthroughs in technology, the exploitation of new markets, and the fresh energies released by the diffusion of political democracy will keep the system. However, capitalism will collapse because it produces income differences, therefore it is good for winners, but it also produce losers. In addition, it costs amount of the money to keep the system smoothly by servicing deficits, paying for the military or caring for the increasing number of elderly people. I thought that capitalism has both advantage and disadvantage, but to produce income differences is a serious problem. It should be considered more seriously and find the best way for the future.