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Well fortunately we recently passed a tipping point. Over half the population of the world are now middle class. This is largely due to a few hundred million Ch
by simonh 4y ago
Well fortunately we recently passed a tipping point. Over half the population of the world are now middle class. This is largely due to a few hundred million Chinese, and more in SE Asia generally, entering the urban middle income bracket over the last few decades. The next few years are probably going to be rough, but global incomes have been going in the right direction for quite a while.
As for fossil fuels, utility scale solar is now cheaper than coal. Global development definitely means more CO2, but we’re right at an inflection point towards renewables.
- nuancebydefault 4y agoIf half of people are middle class, the rest is either poor or belongs to the few percent of people who happen to own half the world's assets. Would you describe such a situation as 'fortunate'?
- simonh 4y agoOh I’m not for one moment saying the situation now is good, or acceptable. We were discussing progress and particularly the growth of the global middle class. I’m pointing out the trend, that’s all.