What is going on?

The US Postal Service story is not a unique sit­u­a­tion. It is the sit­u­a­tion. And we are going to be liv­ing with this sit­u­a­tion for many years to come. We are cross­ing a huge chasm from an indus­trial soci­ety to an infor­ma­tion soci­ety. And there is immense pain in that trans­for­ma­tion. Obama can’t solve the prob­lem nor can any of his oppo­nents. Time will solve this prob­lem as new indus­tries get built, peo­ple learn new skills and new jobs, and we dis­man­tle enti­tle­ment sys­tems that are not sustainable.

That is what is going on. I’d love to hear Obama tell the coun­try that. But I doubt he will. But some­one should.

Fred Wilson — What is going on?.