By David Scott | Monday 12 June 2017
The New Normal world of the 100-year life requires new economic thinking. Political and social issues are now beginning to dominate the landscape. As we saw in the UK’s Brexit vote to leave the European Union, voters no longer see economics as the sole issue in elections. This paradigm shift was then followed by Donald Trump winning the US Presidency and Italy voting against premier Renzi’s constitutional reforms. Most people feel the current economic/political/social system is no longer working for them. Voters are increasingly giving up on the “consensus wisdom” that ignores demographics, and which believes the world can somehow go back to the constant growth seen during the Baby Boomer-led Supercycle, underpinned by its asset bubbles.
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