Failure is Potential

In a recent podcast on Freakonomics Radio called "How the supermarket helped America" the discussion was on how the supermarket changed the playing field for consumption. I will base this info on that podcast. I found the podcast interesting not necessarily on the topics of Russia, the cold war or production outright, but I thought it is a case study for African countries and many of the bottle-necks found there. I found the following argumentation interesting: Due to an overproduction of wheat and corn, it caused the US government to having to stockpile them, after giving buying guarantees. Since production became ever more efficient due to science on the one hand, such as bigger broilers and mechanization, such as tractors, on the other. So farmers started giving excess production to cattle, pigs and chicken, where today 30% of corn and 50% of soy is used for animal feed. Even then, production steadily continued to increase and something new was needed to use the o...

Tim Cook: " I can fill a stadium with skilled tool workers, but I can't find 1000 in the USA" With current discussion on economic tension, even war between the USA and China it is worthwhile to look at demographics to see who may win in the long term. Looking at the grahps below we see a growing population in the USA, with an equal pyramid in both 2017 and 2050. If this is true, the economy will continue to be strong as for everyone leaving the job market an growing number of younger generations will be able to take their place. When looking at China we see a big gap in 2016 between the age groups 25-29 and 0-4. This is 1-2 generations that will be missing on the job market until 2050. Although the population is large enough, the difference is roughly 130 million (25-29) compared to 90 million (0-4) and even lower for age group 5-9 (77 million). This tells us that there will be a large gap of experienced managers, workers, both male and female for the foreseeable ...