It will get worse

Its a bit like watching a slow motion car crash. Slowly the wheels are coming off the economies of the economically established countries, it seems that the world has changed in such a way that national parliaments, representing the ordinary man and woman in the street are rapidly becoming irrelevant.
The concept of democracy and the way people elect their representatives to fulfil the electorates ideas of fair play and good governance is becoming powerless.
As we go into the future, globalisation and the control the Financial Markets have over all nations, has shifted the power firmly towards faceless, unelected people who have little regard for the masses, other than an opportunity to exploit them.
The divisions between the rich and poor are widening at an astronomical rate and will continue to do so. Our politicians have let us down as we were encouraged to spend and become our own worst enemies through cheap credit. The doom sayers were ridiculed as the financial giants told us that they were in control, that the boom bust phenomena which had wrecked previous societies was a thing of the past. How wrong they were !!
The sad thing is that they "now" hold all the cards, having persuaded governments to max out the national credit card by borrowing up to the hilt and then some.
With the trillions owed as debt we will never be in a position to square the books, to be solvent again, we will always be beholden to countries that are based on the petro dollar swilling with huge cash funds looking for a mug to lend to.
We will continue to teeter around the edge of our affairs, trying to square the circle of our commitment to our society with  our inability to gain freedom from our creditors. The call to austerity is the solution of those who will never be asked to share the austerity. Joe public having been asked (sorry we weren't consulted) to bail out the Banks, are now asked to forgo their standard of living, their children's standard of living and that of their grandchildren.
The controls are gone, the new boys on the block are without a constituency. Recognised by their cars, their homes, their yachts and all the bling which is their trademark they, with the help of their political bedfellows are currently set on dis-mantling all aspects of our national endeavour to provide equality in the services we receive.  
Privatisation, the other buzz word, is decreed across all aspects of our collective, social responsibility to the ordinary people who live here. There is money to be made and the Market Makers will exploit every opportunity, irrespective of the true cost to the individual.

Make no doubt about it, it will get worse !!!