ll of these trends are accurately described by William Strauss and Neil Howe, in their classic book, The Fourth Turning published in 1997, which describes the cyclical nature of history and the recurring patterns of crisis and change. However, these symptoms are just the tip of the iceberg, revealing a much larger problem: the changing world order.
This new era is described by Ray Dalio, and characterized by a transition of the United States as the center of geopolitical influence to sharing the stage with China. Coupled with a digital revolution, aging infrastructure, rising debt, excessive money printing, rising populism, and the emergence of global competition, it is evident that the United States is losing its dominance in leading innovation in the 21
In the 1980's, Japan was expected to overtake America as the #1 economy in the world. It never happened. The Japanese working age population started declining and the economy did the same. South Korea stole their economic business model.
ll of these trends are accurately described by William Strauss and Neil Howe, in their classic book, The Fourth Turning published in 1997, which describes the cyclical nature of history and the recurring patterns of crisis and change. However, these symptoms are just the tip of the iceberg, revealing a much larger problem: the changing world order.
This new era is described by Ray Dalio, and characterized by a transition of the United States as the center of geopolitical influence to sharing the stage with China. Coupled with a digital revolution, aging infrastructure, rising debt, excessive money printing, rising populism, and the emergence of global competition, it is evident that the United States is losing its dominance in leading innovation in the 21
Thomas Sowell: There are no solutions, just trade-offs.
Now China is supposed to overtake the US economy but China has some issues. They are losing business to India, one of their BRIC allies. The country is starting to stifle innovation as Xi clamps down on entrepreneurs like Jack MA.
And their working age population is rapidly declining. India now has more citizens than China.
In ten years, will India become the #1 economy?
Thomas Sowell: There are no solutions, just trade-offs.
