One of our great strength, world capitalism, is the most successful economic system possible, but has also become one of shorter and shorter cycles of evaluation. CEOs, companies, stocks, profits and debits change at an ever more accelerated pace in response to the demands of stockholders and the market. We have already experienced some consequences of the shortening cycle of decision making in business, but those are minor in relation to the grand systemic collapse that always eventually results from such accelerating and shortening periods for leadership goals.

One of our great strength, world capitalism, is the most successful economic system possible, but has also become one of shorter and shorter cycles of evaluation. CEOs, companies, stocks, profits and debits change at an ever more accelerated pace in response to the demands of stockholders and the market. We have already experienced some consequences of the shortening cycle of decision making in business, but those are minor in relation to the grand systemic collapse that always eventually results from such accelerating and shortening periods for leadership goals.

On the future of the U.S., or of Western civilization in general, I tend to be quite pessimistic. I would say that today I see most of the symptoms of societies on the brink of collapse, not just in the U.S., but in the tightly interconnected societies of Western civilization - now essentially world civilization.

With apologies to the green movement, "sustainability" is a myth. History and archaeology show that societies are always moving to the edge of crisis, "falling forward" through growth, but then responding often successfully to the problems created. What we can hope for is that with a somewhat more controlled level of growth, and with longer-term preparations for change, we can keep responding to the inevitable smaller crises, as they arise, and continue to postpone until later and later the, perhaps ultimately inevitable, end of our civilization.

The key strengths of civilizations are also their central weaknesses. You can see that from the fact that the golden ages of civilizations are very often right before the collapse. The Renaissance in Italy was very much like the Classic Maya. The apogee was the collapse. The Golden Age of Greece was the same thing. We see this pattern repeated continuously, and it is one that should make us nervous. I just heard Bill Gates say that we are living in the greatest time in history. Now you can understand why Bill Gates would think that, but even if he is right, that is an ominous thing to say.

No society can sustain unlimited growth - none ever has. History demonstrates that expectations of infinite growth lead to collapse. Unfortunately, millennia of evidence also indicates that needed attempts to stabilize such societies run counter to the expectations of the populace and of interest groups. For that reason, such attempts at stabilization frequently fail.

"Hypercoherence" is one of the most dangerous threats to the long-term survival of our civilization. Hypercoherence is the close efficient linkage of all parts of the world economic, communication and transport systems. It has been crucial in the spread of great innovations, the rise of world wealth, and even the dissemination of democratic concepts and ethical values and the defeat of oppressive regimes.