[continued from previous message] 
  
 Unless America's education system can raise skill levels as quickly as 
 technology requires, skilled workers will continue to earn greater wage 
 increases, leading to ever more disturbing extremes of income 
 concentration. Education reform will take years, and we need to address 
 increasing income inequality now. Increasing taxes on the rich, a 
 seemingly simple remedy, is likely to prove counterproductive to 
 economic growth. But by opening our borders to large numbers of highly 
 skilled immigrant workers, we would both enhance the skill level of the 
 overall workforce and provide a new source of competition for 
 higher-earning employees, thus driving down their wages. The popular 
 acceptance of capitalist practice in the United States will likely rest 
 on these seemingly quite doable reforms. 
  
 It is not an accident that human beings persevere and advance in the 
 face of adversity. Adaptation is in our nature, a fact that leads me to 
 be deeply optimistic about our future. Seers from the oracle of Delphi 
 to today's Wall Street futurists have sought to ride this long-term 
 positive trend that human nature directs. The Enlightenment's legacy of 
 individual rights and economic freedom has unleashed billions of people 
 to pursue the imperatives of their nature"to work toward better lives 
 for themselves and their families. Progress is not automatic, however; 
 it will demand future adaptations as yet unimaginable. But the frontier 
 of hope that we all innately pursue will never close. 
  
 [From "The Age of Turbulence" by Alan Greenspan. To be published by The 
 Penguin Press, a division of Penguin Group (USA) Inc. ] 
  
 (c) 2007 by Alan Greenspan 
  
  
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