Not a chance. I would guess this is hundreds of years off. Most of the third world or developing nations will want similar material possessions to the developed world.Is this something I need to consider over my investment lifetime?
Yep; to much concentration of wealth in Capital = Revolution, to much concentrated of wealth in Labour = Recession due to lack of investment.The history of mankind generally results in the tumbrels trundling up the road, at that point .
Not a chance. I would guess this is hundreds of years off. Most of the third world or developing nations will want similar material possessions to the developed world.
Clean Nuclear could be in place now. It is political will rather than technical issues which have stopped it. There is absolutely no need to generate power using fossil fuels. New battery technology coming within the next decade is at least 3 times more efficient than what is currently in use.The problem might be that a full scale expansion of energy use, to the extent that the entire world is using the same amount of resources as the richest members of western society is unattainable. It might not be fair, but the laws of physics are immutable, and the resources of the planet are finite. It's possible that innovation, clean energy, some form of cold fusion or automation will produce a solution.
But if you are hoping for investment returns from billions of people, across the world, using more and more resources, while we continue to use just as much, there will be a reckoning. At that stage your share portfolio won't be much use to you or your grandchildren.
Actually that's not what's happened, people have switched their spending from holidays , hospitality and experiences to doing up their houses, more diy etc etc, that's why the price of building materials is going through the roof , it's a world wide phenomenon. When the Suez canal was blocked last month it was reported that trade in stuff had increased in the last year, more tonnage was being shipped.I believe that many people have cut back on their frivolous spending, reusing products rather than dumping them etc. They don't need as much stuff anymore.
I think there's more to it than that. Inflation happens when labour resources become scarce because of increased demand but there's been a decoupling of demand and production. That's due to technology but it's mainly due to so much production moving to Southeast Asia. The injection of vast amounts of liquidity may also have contributed to those very low levels of inflation.I would also note the reason for deflation/low interest rates/surplus money in past twenty years is due to efficiencies in technology
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