A Fatal Misconception

There’s no better example of what happens when ideologues try to tamper with normal market forces than the coming “demographic winter.” In the decades ahead, the world’s population will peak and begin to shrink. Long before the population peaks, it will dramatically age, throwing 20th century social institutions into disarray. The implications are ominous. Worse yet, the problem has been exacerbated by serious policy errors. And yet, many among the world’s elite still seem oblivious to this reality. How did we get here? What’s ahead for the U.S. and other countries? What can you do to make the best of it as a manager, investor, and citizen? We’ll explain.

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