Economic and technological change is happening at a pace that leaves most political and regulatory systems unable to cope. This spurs dissatisfaction with leaders and increasing polarization in society, already weakened by a steep fall in social cohesion and trust. Trust is a fundamental element of social capital, and when it wanes, it negatively affects all aspects of society. Loss of trust results in part from a steady increase in inequality, undermining the feeling essential to the fabric of society of citizens being “in the same boat”.
-Espen Barth Eide
It’s interesting to note that all of today’s current problems get bundled up in “Profound social instability” in the look down the road, and all of the “new” issues are climate-related ones that are each rated as higher risks than the one from the current bundle.