The Rising Influence of Rising Affluence

[DewDiligence]

Grantham’s monograph has some illuminating data, but his main thesis—that exponential growth is unsustainable—is obvious. If the global population does not eventually stabilize, the world is screwed no matter what else happens.

Grantham’s case for a paradigm shift with respect to commodities beginning in 2002 relies on trend lines that are post hoc and arbitrary, so the argument strikes me as contrived and not especially convincing. The argument is similar to what was stated about precious metals 30 years ago.

Thank you very much for posting the monograph. Regards, Dew