#demography #boomers #milliennials Peter Zeihan webinar 2021 Citrus Showcase. Full talk here... https://www.youtube.com/watch?v=NLKbn8IeNTk&t=4841s Peter's newsletter and subscribe; https://zeihan.com/newsletter/ Follow Peter on twitter: @PeterZeihan we created what we now understand as #globalization and free trade to fight the cold war it was a bribe but the cold war ended 30 years ago and we have been edging away from that ever since it's not a trump thing it's not a Biden thing it's not a clinton thing it's not a w bush thing it's an american thing and we are past the point of no return now let's assume for the moment that you like globalization that you want it to well i would argue that we need three things first we need global interests we don't have that the united states is the least involved economy in the world as a percentage of gdp we're just not there in fact if you factor out canada and mexico we're half of what this even suggests who wants to be in the middle east so the chinese can import middle eastern we don't have that anymore this is total american troops stationed overseas since world war ii it's been trending down for decades in fact we now have and while i personally would argue that that disappeared years ago i think in the aftermath of january 6th agree that we need a little bit of political re-tinkering here before we have any sort of big global plans now let's assume for the moment that all back together sing on the same page read from the same page put together a global plan that we can then go out and re-engage the planet let's talk about the numbers let's talk about the economic side let's talk about demographics what we've got here is a standard demographic profile children on the bottom young adults mature adults retirees at the top men on one side women on the other mortality tends to build it into a pyramid now when we look at something like mexico american business leaders and american political leaders really like what they see because whenever there's a bulge in the population structure roughly excuse me roughly below age 40. it's all about the spending on kids on cars on college on homes this is what drives most modern economies the economic activity of the young now this also is very complimentary to the american political system and the american economic system i mean just think about the mechanics of this when you're under 40 you're relatively we do the design so the propensity for integration between those two systems ismassive in addition all those young mexicans buy a lot of products most of those products come from the united states mexico became our top trading partner in calendar year 2019 they're kind of duking out the canadians and the and the chinese to maintain that position but i've no doubt for ... https://www.youtube.com/watch?v=7a12amneWnQ