Chris Hamilton — The Halt Of Increment Amidst Haves Dooms Increment Amidst Haves & Accept Nots Alike

The global economical organization is premised on growth, non only whatever growth, but increment where it matters (economically). However, population increment (the foundation of economical growth) amid the high in addition to upper optic income nations of the globe is speedily winding down. As I convey outlined previously, full births convey been declining amid the combined high/upper optic income nations since 1988 in addition to similar a shot births are declining everywhere but amid the depression income nations of the globe (HERE). Without increment amid the importers of the globe amongst the income, savings, and/or access to credit...there is no increment for exporters.

The high in addition to upper optic income nations correspond 49% of the worlds population but 91% of global GNI (gross national income) in addition to 89% of full global publish energy consumption (as good equally gross commodity consumption). The decades, or to a greater extent than properly, centuries of increment amid these wealthier nether 65 twelvemonth onetime populations (that drove economical activity) volition cease unopen to 2022. All subsequent population increment volition hold upwardly amid the 65+ twelvemonth olds of the wealthier nations, especially amid the 75+yr/old population in addition to the masses of the miserable nations. The halt of population increment in addition to subsequent reversals inwards these wealthier nations is ushering inwards an era of economical in addition to consumptive turn down dissimilar the contemporary globe has always seen....

Unless the "haves" figure out that the manner out is to brand the "have-nots" likewise "haves" past times using demand-side economics.

How probable is this?

Zero Hedge
Chris Hamilton via Econimica