Friedman occupies a unique place in the pundit ecosystem. From his perch at the New York Times, he idealizes the unregulated, winner-take-all economy of the Internet and while overlooking human, real-world concerns. His misplaced faith in a digitized "free" market reflects the solipsistic libertarianism of a technological über-class which stares into the rich diversity of human experience and sees only its own reflection staring back.

Friedman is a closet Ayn Rand in many ways, but he gives Rand's ugly and exploitative philosophy a pseudo-intellectual, liberal-friendly feel-good gloss. He turns her harsh industrial metal music into melodious easy listening: John Galt meets John Denver. That make him very useful to those who would dismantle the engines of real economic growth, the ones which create jobs while protecting life and limb.

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What are the implications of a world in which you must be above average to get "any good job"? When Garrison Keillor described Lake Woebegon as a place where "all the children are above average," it was a joke. But Friedman's not joking. He's describing a world in which ordinary people are excluded from decent employment - and he's doing it without expressing regret or demanding change.

To be fair, Friedman is an advocate for education - in his own way. But his education arguments, like his economic ones, focus on the online, the gimmicky, and the jargon-laden. Friedman's world doesn't seem to include manufacturing jobs, or construction jobs, or good government jobs. He envisions a workforce made up almost exclusively of "lateral thinkers" and "integration" engineers. Students should be trained to "invent" their jobs, says Friedman, who claims that self-invented work will be the best source of future employment.

Based on the number of people currently seeking full-time employment in the US alone, 15 or 20 million people need to "invent" their jobs pretty quickly. That's a lot of Internet start-ups, along with a whole boatload of "lateral thinking."

Representatives from all major banking and investment institutions cited recent increases in consumer spending, rebounding home prices, and a stabilizing unemployment rate as confirmation that the time had once again come to inflict another round of catastrophic financial losses on individuals and businesses worldwide.

“It’s been about five or six years since we last crippled every major market on the planet, so it seems like the time is right for us to get back out there and start ruining the lives of billions of people again,” said Goldman Sachs CEO Lloyd Blankfein. “We gave it some time and let everyone get a little comfortable, and now we’re looking to get back on the old horse, shatter some consumer confidence, and flat-out kill any optimism for a stable global economy for years to come.”

“People are beginning to feel at ease spending money and investing in their futures again,” Blankfein continued. “That’s the perfect time to step in and do what we do best: rip the heart right out of the world’s economy.”

According to sources, the overwhelming majority of investment bankers are “ready to get the ball rolling” by approving a host of complex and poorly understood debt-backed securities that are doomed to quickly default, as well as issuing startlingly high-risk loans certain to drive thousands of companies into insolvency.

The money-news site The Billfold recently ran an interview with an anonymous physician who earns $570,000 a year and says, “I know that technically I am in the 1%, but I don’t feel rich at all.” He went on to explain how he owns a home worth nearly $1 million, three cars, a couple of investment properties, and a chunk of a profitable healthcare company yet still frets that he doesn’t have enough. “I don’t feel secure,” he said. “Before I had a job, the six-figure mark was a goal for everyone. And now I’ve hit the half-million dollar mark. I don’t know if I’d feel rich if I ever met the seven-figure mark.”

Commenters howled, of course, deriding the discontented doc’s self-indulgence and making many predictable observations about materialism run amok. “It’s emblematic of the insane level of lifestyle creep that allows someone who makes $500k+ a year to feel not rich,” wrote one reader, reflecting the sentiment of many others.

The anonymous doc, whom the site dubbed “Jake Smith,” acknowledged his own materialistic impulses. “There is a palpable pressure to keep up with the Joneses,” he said of the social demands in his affluent community, which is in the suburbs of a sizeable eastern city, according to Logan Sachon of The Billfold. Yet he also showed a degree of restraint, making do, for instance, with a 7-year-old Lexus when many of his neighbors drive brand-new Range Rovers. That doesn’t exactly generate sympathy but it shows more self-awareness than the wealthy — or caricatures of the wealthy — are typically known for.

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Rather than attacking Smith’s sense of entitlement, it might be worth reconsidering what it means to be rich in the first place. A lot of wannabe millionaires fantasize about a life in which they never have to worry about money at all. But that may be the very thing that leads to the gaudy behavior we find most appalling about the rich. A healthy dose of worry might help the wealthy remember how the other half lives, and even spend their money more like the 99 percent.

Pulitzer Prize–winning New York Times columnist Thomas L. Friedman hosts this timely forum, bringing together chief executive officers, tech pioneers, government officials, influential decision-makers and scholars to discuss the new world economy, opportunities and challenges. We will explore the complex dynamics of new-world infrastructure, especially the transformative electronic, digital and mobile environment. Attendees can expect invaluable insights into strategies for success in today’s new world order.

How this Next New World is changing your job, your workplace, and your competition.

•Understand the various patterns of interaction used by people today, and how that impacts the way they engage with businesses, brands and each other.
•Assess the impact of an always-connected workforce, and how it will impact interaction with customers, partners and among internal teams.
•Hear methods for navigating through and taking advantage of the changing dynamics of human interaction.

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How robotics and other cutting-edge technologies can increase productivity but also disrupt your office and workforce.

•Identify the latest technological advancements, and how they are working in concert with each other to enhance innovation, productivity and prosperity.
•Hear methods for incorporating technology, while retaining the core elements of your business.
•Assess the impact of accelerated product and service lifecycles, and how that will force businesses to adapt.

How everything from climate change to fallen infrastructure is threatening global supply chains and how the rise of a new global middle class is disrupting American global dominance—while creating new markets.

•Gain an understanding of the changing nature of supply chains, and how that will impact the delivery of products and services.
•Learn how increasing consumption in developing markets will impact the price, supply of, and demand for commodities, luxury items, and the need for innovation.
•Hear projections on how America will need to manage the rapid changes occurring in the global markets to ensure prosperity over the next several decades.