While analysts are worried about geopolitical tensions relating to *hot*, *cold* and *frozen* conflicts of traditional nature, the real Global Conflict is unfolding, slowly-paced, in the realm of demographics.
Here are two key themes underlying it:
Firstly, the ongoing widening of the generational gap, highlighted in my recent talks including here: http://trueeconomics.blogspot.ie/2015/07/29715-retailgoogle-key-trends-on.html. The Generational gap that can be described as the difference between economic power and aspirations of two distinct generations: the post-millenials and baby-boomers.
To see this we can take two examples of views from the baby-boom generation:
- The view of Jeremy Paxman: http://www.dailymail.co.uk/news/article-2055497/JEREMY-PAXMAN-Baby-Boomers-selfish-generation-history.html
- And the view of Edwina Currie: http://www.telegraph.co.uk/finance/personalfinance/pensions/12102364/Hey-youngsters-No-pension-No-home-No-wonder.-Look-at-you.html
The second manifestation is that of the disappearing middle classes, best highlighted by the following series of links covering Pew Research analysis of the U.S. data:
- The shrinking of the U.S. middle class: http://www.pewresearch.org/fact-tank/2015/12/14/americas-middle-class-is-shrinking-so-whos-leaving-it/
- And income impact of the above: http://www.pewsocialtrends.org/2015/12/09/4-middle-class-incomes-fall-further-behind-upper-tier-incomes/
- As well as changing social preferences: http://www.zerohedge.com/news/2015-12-24/faltering-faith-losing-hope-rising-charity-15-striking-findings-2015
- Leading to the growing gap between baby-boomers and the millennials: http://www.bloombergview.com/interactives/2015-millennials/
All of the above concluding with the twin trend of vanishing core generational driver for the global economy: http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-is-losing-ground/
If you still think conventional weapons and geopolitical power plays are the biggest disruptors of status quo ante, think again.