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Worried about the future? History proves it's hard to predict


Worried about the future? History proves it's hard to predict

Today, hands wring over epidemics of obesity and the wreckage of too-abundant fossil fuels. Only two of the world's big oil and gas companies, Saudi Aramco and Exxon, are more valuable than Novo Nordisk, the maker of weight-loss drugs Ozempic and Wegovy.

Nations now panic over the worldwide slide in birth rates and their shrinking and aging populations. This trend, by the way, is one I once dissected at length in two future-focused books -- China, Inc. and Shock of Gray. I can be smug at how much I got right, but I am also aware of what my own futurism was blind to. I predicted that shrinking birth rates would grip the whole world, but I didn't foresee how many adults -- in some countries nearly 40% -- would choose to have no children at all.

I predicted correctly that China's one-child-per-family policy would push Chinese families to invest ever more in the education of their children in order to ready them for the global market. I didn't foresee that millions of college-educated but professionally frustrated young Chinese (the so-called rotten-tail kids) would prefer to remain unemployed for years instead of taking jobs they regard as beneath them. Or that they'd stay dependent on their parents, unmarried and childless.

I certainly didn't foresee that in America, prosperity and low unemployment would dissuade young men from going to college, or that "The Uneducateds" would brandish their lack of degrees as a political virtue and then be puffed up as vanguards of America's great-again rejuvenation.

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