[happygrl]

Kudos to Drucker.

I agree, he is a marvelous thinker.

He predicted the demise of the USSR simply by noting that it was the first industrialized country in history to experience a lowering of life expectancy.

He has also written that when a society experiences an influx of foreign born to where they are over 5%, it is too much to assimilate successfully, resulting in societal tension.

He's like that old commercial; when he talks, we should listen.

[happygrl]

there is an enormous amount of surplus capital in the world for which there is no productive investment. The supply greatly exceeds the demand. So there is a very jittery body of excess money that is desperately in need of returns, and it could become panic-prone. We have no economic theory or model for this.

Among some insights.

He has some very complimentary things to say about India.

[Cronos]

He has also written that when a society experiences an influx of foreign born to where they are over 5%,

That does seem logical, but what about durign the 1800s when the immigrant population was way over that percentage. Maybe the fact that immigrants headed west and there were more lands to the west that prevented any such tension.