Sublime

The same trends are now coursing through most of the world’s developed and emerging-market nations: growing economic inequality; declining generational and social mobility; tighter national borders; and intensifying ethnic and religious tribalism, weaponized through portable social media. Electorates are demanding, and getting, more authoritarian g

We are moving from an era of hegemonic power to a multipolar world, in which several regional powers coexist.

Furthermore, if US interest rates rise (as at some point they must) then what happened to Mexico after the Volcker interest rate increase in 1979 starts to loom as a real problem. The US will soon be paying out far more to service its debt to the rest of the world than it brings in.14 This extraction of wealth from the US will not be welcome domest

The Best Leading Indicator The best indicator? People do predictable things as they age. That’s it in a nutshell. So, let’s look at how demographics drive economic trends, from the macro to the micro, in modern middle-class economies.

Replace a tax-heavy, mature-worker-heavy demographic of the 2000s and 2010s with the tax-poor, retiree-heavy demographic of the 2020s and 2030s and the governing models of the post–World War II era do not simply go broke, they become societal suicide pacts.

All in all, technology doesn’t make jobs irrelevant—far from it, as suggested by the uninterrupted growth of proximity services in expanding urban areas.