Are you are interested in figuring out the big economic picture, or "skating to where the puck is going to be"? (as hockey great Gretzky once said) My millennial son turned me on to the following link which provides a great perspective, on where the economic puck is headed. And if you do NOT believe in "climate change", just watch the first 5 minutes. Help me understand how this is fake news! Seriously I am trying to keep an open mind. But GDP is slowing all over the world, and will continue to do so, so how do we cope and what do we do now?
Scary yes, however there is HOPE! (I am starting to like "millennials"!) The thing is we have to accept where we are at, and NOT TRY AND LIVE IN THE PAST!
What we first need is perspective. Take a step back and see what has happened economically speaking since the 1st Industrial Revolution. (Steam Engine and mass production) What impact has the changes had on society, and what can we learn from the changes, good and bad.
The 2nd Industrial Revolution was spawned by the infra-structure created to move the mass produced goods around, as well as the communication systems created by the telephone/telegraph poles built alongside the railway tracks. This moved society from a tribal culture to more of a world outlook on things.
The 3rd Industrial Revolution, which is starting now, is all about sharing resources. A concept which is difficult for some to accept. The "Cyclical Economy", is all about re-using resources , as opposed to mining the earth and creating things.
Because we have been living in a "he who dies with the most toys wins" society for some time now, it is going to be a challenge to shift our thinking. You see when we resist change, all we are doing is delaying the inevitable.
Let us not slow down the changes that are required to keep our planet going for our grandchildren and their children. The fossil fuel companies will do everything they can to slow it down, as will other companies, as the current paradigm is growth at all costs.
We only have one shot to get this right and turn the destiny of planet earth around. We can do it!