NOT ENOUGH BUYERS
24/09/13 13:52
Commenting for CNBC on September 23, 2013, John W. Schoen makes this point concerning supplies and shortages now and in the future:
“The numbers are stark. While the current world population of about 7 billion is projected to top 8 billion by 2030, almost all of that growth is expected to come in the developing world. That means the current population of consumers- people with more than $10 a day to spend- is expected to more than double from 1.8 billion to 4.8 billion.”
Consider for a moment what this means:
Out of an expected 8 billion or more people living on earth in 2030 some 3.2 billion or more of them will have less than $10 a day to spend. That will be the situation in a short seventeen years from now - the time it will take for a 1 year old child to be graduating from high school.
What should our priority be?
How to get more stuff into the hands of those who will have more than $10 a day to spend in 2030?
Or how to feed, clothe and shelter the 3.2 billion who will have less than $10 a day to spend in 2030?
It is important to address both questions adequately if we want keep our world from descending into chaos.
Question is: Where do we start?
And what part should you and I play in the solution?
“The numbers are stark. While the current world population of about 7 billion is projected to top 8 billion by 2030, almost all of that growth is expected to come in the developing world. That means the current population of consumers- people with more than $10 a day to spend- is expected to more than double from 1.8 billion to 4.8 billion.”
Consider for a moment what this means:
Out of an expected 8 billion or more people living on earth in 2030 some 3.2 billion or more of them will have less than $10 a day to spend. That will be the situation in a short seventeen years from now - the time it will take for a 1 year old child to be graduating from high school.
What should our priority be?
How to get more stuff into the hands of those who will have more than $10 a day to spend in 2030?
Or how to feed, clothe and shelter the 3.2 billion who will have less than $10 a day to spend in 2030?
It is important to address both questions adequately if we want keep our world from descending into chaos.
Question is: Where do we start?
And what part should you and I play in the solution?