This time last year, I made some predictions: 2013 is going to be the best year in human history. It was, for most of the world at least. And 2014 is going to be even better, for all the same reasons.
How did I do with my prognostication?
The scourge of war is receding from human experience. Though they are still going on, they involve fewer combatants and kill fewer people. As people get richer, and pass through the dangerous middle-income phase, they have too much to lose by fighting.Alas Mali and the Central African Republic saw crises rise to the level of war in 2013. The civil war in Syria the ongoing wars in Afghanistan continue to claim lives. There have, however been no big, new wars involving western forces. We missed the window of opportunity in 2012 to prevent the disaster in Syria, and it is now too late. I suspect letting Bashar al Assad win is now the least bad option.
Several states in the US have signalled the abandonment of the war on Drugs (well Marijuana at least)One country, Uruguay, has fully legalised it. The logic of the War on Drugs is waning. Several successful politicians in North America have been caught using Crack and Cocaine, none of whom look like junkies. Dozens of people who clearly aren't drug-addled derelicts, self-arguing in underpasses, but who maintain busy and high-profile lives have "come out" as having taken Marijuana or Cocaine. It won't be long before such people no-longer have to pretend to have hated it, or for it to have been a response to an emotional trauma.
In 1963, "some time between the end of the Chatterley Ban and the Beatles' first LP" people started to admit they like to have sex, and not just for procreation. Rock & Roll became acceptable when in 1976, Glen Matlock of the Sex Pistols said "fuck" on live TV, at a stroke rendering that nice young Mr (now Sir) Michael Jagger, respectable. Perhaps a TV cook with ample curves might be the person whom we can thank for ending the hypocrisy of the drug war. Unlikely. But someone's going to provide the moment. And soon. A wise man once said....
The world is still getting richer, even if the squeezed middle in the west isn't.
The giant emerging economies are creating wealth at a rate unprecedented in human history, by the simple expedient of abandoning the socialist choke-hold on creative economic endeavour.India and China may have slowed, India especially so, but the truth holds. Their Governments have seen the fruits of economic liberalism and seen it work. India may regret electing someone who seems to be an unrepentant Hindu nationalist, Narendra Modi of the BJP in 2014, but it won't be for his economic policies which are far more business-friendly than the rather corporatist Congress party.
The poorest parts of the world are the fastest growing. Even if inequality in the west is rising a bit, and that's debatable, global inequality is falling.This is still true, but less so.
So, to carry the game forward, here are some concrete predictions for this time next year.
Money & Business
The FTSE100 will reach an all-time high, for the first time since 1999, and will continue the bull-run. 7,000 will be left behind.
Thanks to tightening money, The Oil Price will fall below $100 and stay there. The Brent/WTI spread will narrow from 99/111.
The Labour lead will fall from 6-8%. UKIP will win popular vote in the European parliament elections, then their support will drift back to the Tories thanks to a strengthening recovery. Scotland will vote 'No' to independence. Ed Miliband will remain a worthless union stooge. The voter-repelling and emetic Ed Balls will remain shadow Chancellor, because his boss is a spineless dweeb, with shit for brains and "Red" Len McClusky's hand up his bum. Tories will post a lead, but I doubt it will be done consistently.
The Syrian civil war will not end, but Assad will regain control of much of the country, leaving an islamist insurgency. The world will continue to look the other way.
China's growth will slow. The rumblings of dissent new riches have smothered will start to grow louder. The Communist Party may seek to use Sabre-Rattling with Japan to detract domestic opinion from the looming economic crisis.
Something dramatic will happen on the Korean Peninsula.
Happy New Year
There you go. My posts have been sporadic in 2013 as I have less new to say. But I still enjoy writing from time to time, and it's nice to know my readers, both of you, are still out there somewhere and I hope, whether you come in from RSS or by a random websearch for stewardesses boobs (I still get a lot of hits that way, for reasons that are beyond me) you still think what I say is interesting, provocative, informative or entertaining.
Have a happy new year. And remember risk is to reward as hangover is to party.