Sentence:  It is time the international community faced the reality: we have an unmanageable, unfair, distortionary global tax regime. [...] It is the starving of the public sector which has been pivotal in America no longer being the land of opportunity – with a child's life <WSD>prospects</WSD> more dependent on the income and education of its parents than in other advanced countries. 
Meaning of the word marked with <WSD> tags:  The potential things that may come to pass, often favorable.