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.
About the Author
Jeremy Grantham is a co-founder of GMO and its chief investment strategist.