I am going to attempt an answer in the fewest word's possible.
Americans, Western Europeans and the Japanese work too little for too much. In a world where billions of others are now as productive and glad to work much harder for so much less this has great consequence. It makes most of what America, Western Europe and Japan makes economically not viable.
At the same time the financial system is jury-rigged to feed the world's surplus and savings into these "rich" economies so that they can continue their profligate way.
This ultimate Ponzi scheme had to fail sometime and that time is upon us.
So will things change? Watch this space.
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