Investment expert Jeremy Grantham offers a succinct round-up of the forces roiling the United Kingdom, the European Union and the United States today, and he finds that Brexit may well be an important marker in history. His editorial text quotes research that shows social cohesion as the necessary component for societal peace and contentment. Yet growing income inequality and unfettered immigration can erode that cohesion. While not endorsing all Grantham’s commentary, getAbstract recommends this piece, written with pithy conviction and discernment, for its original and provocative style.
In this summary, you will learn
- Why social cohesion is critical to the well-being of society,
- How immigration has become a salient global issue and
- Why the Brexit vote could serve as a catalyst for greater social unrest.
About the Author
Jeremy Grantham is a co-founder of GMO and its chief investment strategist.