
The Demographic Cliff

Free-market capitalism rewards those who produce and innovate the most, as does nature with its survival-of-the-fittest drive.
Harry S. Dent Jr. • The Demographic Cliff
The economic truth is that you can’t have success without failure, you can’t have accountability without consequences. Governments are eliminating these crucial factors to give short-term relief, at the expense of killing long-term growth and innovation.
Harry S. Dent Jr. • The Demographic Cliff
Trends get very favorable and then everyone wants to retire on them through speculation. China is the greatest bubble I have ever seen, as its government has driven its economy for decades solely through massive overbuilding.
Harry S. Dent Jr. • The Demographic Cliff
out. My
Harry S. Dent Jr. • The Demographic Cliff
done. India is likely to be the next large-growth economy to eclipse China in growth after what has, thus far, been an inept
Harry S. Dent Jr. • The Demographic Cliff
Only geniuses like George Gilder, Steve Jobs, Tony Robbins, and Ray Kurzweil see such exponential changes ahead today.
Harry S. Dent Jr. • The Demographic Cliff
For what remains of this decade, any appreciation
Harry S. Dent Jr. • The Demographic Cliff
You can’t learn through success and growth alone. Such people and businesses only get more complacent and overconfident, and then make huge mistakes or become blind to threats and opportunities. Without disruptive entrepreneurs and economic challenges, businesses, countries, people, and species don’t grow and evolve effectively. Why do you think
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urbanization is the key trend for emerging countries. Yes, China will continue to grow as it moves from just over 50 percent urban toward 70 percent to 80 percent in the decades ahead. However, migration from rural to urban areas is driven by young families, which China is running out of quickly. The Chinese population is aging faster than that of
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