Arguably, this is simply another way of saying that for decades, income and wealth inequality have grown around the world and we are now reaching a point where the have-nots, who greatly outnumber the haves. are starting to flex their strength. It is a recipe for continued populist policies and the election of populists around the world. Javier Milei was a warning to the world, Geert Wilders similarly and I expect that we are going to see much more of that in the year ahead.
In this respect, China is clearly much better placed to withstand/prevent the process given the CCP's control of the economy and the media, as well as a demonstrated willingness, a la Tiananmen Square, to really crack down hard on disagreement.
But trust is a quickly diminishing asset, with its own rate of inflation driving it in many, if not most, Western nations.
How about a Donald Trump/RFK Jr ticket in the US as a way to capture true populism here. Neil Howe's 4th Turning is happening as we speak and has years yet to run. buckle up!
Arguably, this is simply another way of saying that for decades, income and wealth inequality have grown around the world and we are now reaching a point where the have-nots, who greatly outnumber the haves. are starting to flex their strength. It is a recipe for continued populist policies and the election of populists around the world. Javier Milei was a warning to the world, Geert Wilders similarly and I expect that we are going to see much more of that in the year ahead.
In this respect, China is clearly much better placed to withstand/prevent the process given the CCP's control of the economy and the media, as well as a demonstrated willingness, a la Tiananmen Square, to really crack down hard on disagreement.
But trust is a quickly diminishing asset, with its own rate of inflation driving it in many, if not most, Western nations.
How about a Donald Trump/RFK Jr ticket in the US as a way to capture true populism here. Neil Howe's 4th Turning is happening as we speak and has years yet to run. buckle up!
Yes Andy, and network effects successfully restrict agency of the have-nots, so growing dissatisfaction seems highly likely.