The transition from print to digital is causing problems for many industries, and these problems are exacerbated by the global recession. Several industries are examined. Particular attention is given to how the New York Times is handling the transition.
There is growing concern that the financial industry has become too risky and complex and that more regulation is needed. To date, regulatory efforts to manage banks have failed. Rather than more regulation, banks must again limit their activities.
It is argued that the “Empire Era” is finished. Nation-states now have to share global NGOs, multinational corporations, and international organizations. In addition, information revolutions have fragmented power further.