Word: buts
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In the end, the class of 2010 does not face a more threatening world than did the class of 2000; the threats are simply more apparent. But with all of this comes an unusual opportunity for this graduating class to shape the globe at a point of inflection.
Ten years ago, the last Harvard graduating class of the 20th century faced what seemed to be an optimistic future, premised on what was then a prosperous and conflict-free world order. Not only was the Cold War long past, but also the European Union was flourishing as the emblem...
Business and economics: The free market is still the foundation of prosperity, but the rules of the road have to change to align benefits and costs with decision-making. We have felt the consequences of bankers leveraging other people’s money on speculative bets or politicians dispensing favors...
Law: Modern technology and the Internet have delivered enormous capability into the hands of institutions and individuals around the globe. However, our dependence on this network carries the seeds of great vulnerability. Protecting our assets and the security of our transactions in cyberspace is not only a technical challenge, but...
Public health: Globalization is a public-health hazard. While the recent H1N1 pandemic was non-lethal, there is a disturbing likelihood that either a natural, fatal pandemic will occur or a biological weapon will be unleashed in the near future; global travel and trade patterns make it virtually impossible to...