China is trying to build an economy that looks more like the US, which is consumer driven. And they've got a little problem that is right at the root of the end of the world. China will have half its population starting as early as 2050. It has now failed to reproduce numbers sufficient to keep up their populations. They are now over the line where you can't recover from it. The world has consumed maximum stuff and is now on its way to less and less consumption.
The past hundred years has seen humanity mobilize in a way that was previously unimaginable, and that worldwide cultural shift has been kicked into overdrive in the digital age. These massive changes have shaken up markets for decades, and this trend of globalization shows no signs of slowing down.
As the world becomes smaller, supply chains become more interwoven, and people’s expectations of immediacy grow, the future looks very uncertain. Following decades of relative peace, geopolitical jockeying has taken on a previously unseen context in a world where the chief rivals depend on each other for our modern way of living.
With declining populations ushering in a declining need for consumption, investors will have to adapt to this new era of global commerce in ways that many nations seem unwilling or unable to do. On this week’s show, Phil and Danielle discuss some of the unique aspects of the US, and what it means for America to get ahead of the demographic curve and avoid catastrophe.
Although this podcast doesn’t pick stocks, Rule #1 has these great tips available to help investors learn how to start generating generational wealth: https://bit.ly/3ros8mU
Topics Discussed:
- Ancestral immigration
- Munger on Musk
- Post-WWII hegemony
- European manufacturing changes
Resources Discussed:
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