Ask HN: Problems for the next decade?
My wild-ass guesses of where the future is going and its associated problems:<p>I think we are going to see additional polarization in online discussion and we will continue to see this spill into the physical world as violence. This level of division has not been seen at this level in modern western societies. More people have taken on their political sports team as the very thing they identify with and their opposing team(s) have been painted as conspiratorial  psychopaths, preventing discussion across the aisle from even happening at a meaningful level. In the US, we will see a clear bifurcation of states where any remaining purple states will solidify their leaning during the 2024 election and we won’t see this shift again in a meaningful way for at least a few election cycles.<p>We are going to see massive, non-collateralized debt defaults and financial companies will attempt to claw back that money, with those who continued to borrow above their means and were hit with variable APR that doubled or tripled interest on their accounts, minimum payments go up, and it becomes unsustainable. We will see a 50% rise in bankruptcies over the next 18 months and a 100-200% increase over the next 5 years. Student loan default will be rampant as payment of these loans will become due again in October, destroying any hope of credit access in the near future to these people. Banks will foreclose but not be have the bandwidth to repossess all the property, leaving empty shells of neighborhoods. The labor market will sharply flip in favor of the employers and labor will lose a lot of bargaining power or other gains received over the last few years. Rent will go up, private equity will buy houses for cheap, mortgage rates will stay just under 10%.<p>China’s one child policy that began 40 years ago is starting to be felt, with only half as many people at their full earning potential (30s-40s) trying to support an aging population. The bottom has fallen out of their labor force, the CCP’s grip on the people is becoming tighter, but one day they are going to flip the light switch in their home and will be without power. Their strong, centralized government will falter and diminish or outright just fail, the north China plateau will revert to its wasteland type state, formerly propped up by will of the government. Tianjin will be the only city to survive and will receive the majority of refugees from the northern areas. Tianjin, Shanghai and Hong Kong&#x2F;Shenzhen will revert to city states and will self-govern. Fragmented China will become a huge consumer of global food as they will be incapable of growing their own, with the supply of nitrogen fertilizer and potash being clinched by the Russo-Ukraine war and reserves dwindling, global food shortages will be occur within the next two years.<p>Russia will continue sending every able bodied man into the nato-powered meat grinder of Ukraine until a proper overthrow of Putin occurs or they run out of people. This will create an absence of men in this generation which will
be worse than their losses sustained during WWII. The vacuum of power within the hollowed-out Russia will not last long and I worry to think who will rise up as the next leader. Ukraine east of the Dnieper river will be mostly leveled by then, further exacerbating the food shortages. Ukraine will eventually join NATO, Russia will attempt to create the USSR 2.0 from mainly the west Asian countries.<p>We may be see a collapse of generalized globalization if the US Navy decides it’s not in its best interest to keep peace on the high seas causing insurance rates to skyrocket and shipping via international waters becomes a dangerous prospect. A lot of our production will move to Mexico where there is an educated and motivated population that is already producing goods of higher quality than China. Trade between the US-Canada-Mexico will become increasingly important due to access to both resources and labor that all 3 bring proped up by agreed upon free trade. This transition will be long and will come with challenges.<p>The EU will lose more membership and if Germany is unable to fully replace its energy needs, the EU as a whole will diminish. The Anglosphere may create its own free trade agreement, maybe even going so far to allow for free travel amongst the group (but this will be symbolic as very few counties share land boarders). This will create tensions with N. American free trade and Mexico, perhaps prompting Latin America counties into creating its own Schengen-type zone. America-Mexico relations will sour but the trade relations will be to solidified to do anything.