Do not be afraid: Advice to investors and other friends
By David Snowball
…. things are, generation by generation, getting better. Politicians hype crime in the cities without acknowledging that violent crime has fallen to its lowest levels in a century. Childhood poverty has dropped dramatically in 25 years. Poverty and hunger have fallen on every continent. There’s an increasingly credible case for climate optimism, even in the face of still-mounting threats. More people in more countries live under at least nominal democracies than ever, and more women in more countries are receiving the benefits of more education than ever.
The poster child for the possibility of meaningful progress is the storied ozone hole.
Did you know that the earth is healing itself, and we’re helping? In September 2022, NASA scientists reported a major milestone: the ozone-destroying gases in our upper atmosphere have declined by more than half since the problem was first discovered. It is now on track to be completely healed over most of the planet by the 2030s and over the poles by the 2050s.