Worldview Investing - Ruminations on the World Economy

We humans have always faced an endless series of disasters. Many are manmade: wars, inflation and social deterioration. Some are served up by nature: viruses, extreme weather, and large meteor impacts. Not infrequently, humans and nature conspire to create catastrophes: forest fires, bursting dams and earthquakes beneath poorly designed nuclear power plants. Today’s major problems include the war in Ukraine, supply line disruptions, inflation and political dysfunction. Each of these is brought to us by the world’s “elites.” We do not use that term in a flattering sense suggesting great leadership and wisdom. To the contrary, the “elites” include sociopaths (Vlad Putin), arrogant grandees (Emmanuel Macron), rules-for-thee but not-for-me (Boris Johnson) and teleprompter-reading talking heads (Joe Biden).