The world in 2050…
HSBC sees China and America leading global mega-boom
The greatest global boom of all time has barely begun. Over the next forty years, economic growth will quicken yet further as the rising powers of Asia, the Middle East, and Latin America reach their full stride
Pollyannaish ? Cornucopian ?
I can see the energy deficit being mitigated/solved in the next decade.. but not the land/water issue…
Extrapolating current population growth into the future is an excercise in folly I think… resources come first..
Populations depend upon resources far more than resources depend upon people.
Given that almost anyone predicting things this far into the future turns out to be dead wrong, I’ll bet on the opposite scenario occurring … especially when it’s HSBC that’s espousing this future. And both the Chinese and the Americans may be in for a little surprise. Given current reproductive rates, the dominant global group by 2050 will be Muslims. Wonder how banks like HSBC will fare in that situation, if they’re not sharia-compliant.
HSBC works from the assumption that mankind will avoid the energy crunch and overcome the eco-deficit, a term used to describe the world’s depletion rate of non-renewable assets.
… and here I side with CM.. ! I’m optimistic, but not about BAU… that’s going bye byes..
Give a man a fish, feed him for a day.
Teach a man to fish, feed him for a lifetime.
Teach a man to trawl, oops… you just gave him the capacity to overshoot his resource base.
Game over. Insert dodo.
Come in, come in… Reverend Malthus will see you now.