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David P. Goldman

David P. Goldman is an economist and critic known for his series of online essays in the Asia Times under the pseudonym Spengler. He is the author of How Civilizations Die (and Why Islam Is Dying Too) (Regnery, 2010). Formerly, he headed fixed income research at Bank of America. He is a member of the board of Asia Times Holdings.
Articles by David P. Goldman

A Path Out of the Trade and Savings Trap

Except in Africa and South Asia, the world’s population is aging rapidly. Between 2010 and 2050 the proportion of Americans over 65 will nearly double assuming constant fertility and immigration. By 2034 the Social Security Trust Funds will be depleted. By that time there will be two Americans over 65 for every five Americans of…

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The Digital Age Produces Binary Outcomes

The digital age produces binary outcomes. Winners tend to win overwhelmingly—in war as well as in business. The Soviet Union crumbled in the late 1980s when American technology bested Soviet military spending, then estimated at a quarter of GDP. The enormous Russian bet on military power lost and Communism fell. America emerged from the Cold…

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