Rapidly approaching singularity

I've recently been following umair's Bubblegeneration/Collectivegeneration blogand his dour predictions for the economy (and our whole social-political-economic structure). It's pretty clear that he's right about the direction things are headed and the fundamentally corrupt DNA in current governmental and corporate practices.

However, I'm still trying to reconcile this with the explosive progress being made in new technology and social structures being led by an increasingly connected world online. It's hard not to feel that we're spawning new polical, social, and economic structures with more resilient DNA at an increasing pace.

Now, whether or not these forces balance out or one wins is too difficult to say at this time. One could claim that that's the inherent unpredictability of the Singularity. I, for one, am an optimist, and I believe that we'll settle out in a new equalibrium that will be better overall. Unfortunately, I also think we'll have to struggle through a period of volatility to get there, with a lot of disruption and some pretty bug losers as well as winners.