/biz/ - Business & Finance

>>52700709
Inflation is structural and will remain persistent for 10-20 yrs because of:

-demographics: workforce is effectively shrinking.
-energy transition: energy will be more expensive as traditional sources are under-capitalised and new sources are un-optimised
-deglobalisation: supply chains are shrinking in order to prevent vulnerability to geopolitical competition.

IMO the situation is actually considerably worse than the 1970s and the global economy would be lucky to see a repeat of that, IMO there is instead real risk of serious conflict and major global shifts.
Getting out of this hole will require a fundamentally new global system built on new supply chains and that creates opportunity for radical strategic shifts.
Whoever can deliver that gets to be the champion of the global system.