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A fascinating report on the astounding economic and political ramifications we face as the majority of the world’s population grows old—chosen by the National Chamber Foundation of the US Chamber of Commerce as one of the top ten books every business and government leader should read.
The New York Times bestselling author of China, Inc. reports on the astounding economic and political ramifications of our aging world.
The world’s population is rapidly aging—by the year 2030, one billion people will be sixty-five or older. And for the first time in history, the number of people over age fifty will be greater than that of those under age seventeen. Few of us understand the resulting massive effects on economies, jobs, and families, or grasp how our most personal decisions both age the world and drive unprecedented change in the global economy. Veteran journalist Ted C. Fishman masterfully explains how the shrinking of our families and the lengthening of our life spans change nearly every important relationship we have—to ourselves, our families, our communities, our workplaces, our nations, and the world.
What happens when too few young people must support older people? How do smaller families cope with aging loved ones? What happens when countries need millions of young workers but lack them? How are entire industries being both created and destroyed by demographic change? How do communities and countries remake themselves for ever-growing populations of older citizens? Who will suffer? Who will benefit? With vivid reporting from American cities and around the world, and through compelling interviews with families, employers, workers, economists, gerontologists, health-care professionals, corporate executives, and small business owners, Fishman reveals the astonishing and interconnected effects of global aging, and why nations, cultures, and crucial human relationships are changing in this timely, brilliant, and important read.
- Sales Rank: #1267360 in Books
- Published on: 2012-10-02
- Released on: 2012-10-02
- Original language: English
- Number of items: 1
- Dimensions: 8.75" h x 1.00" w x 5.69" l, .90 pounds
- Binding: Paperback
- 416 pages
From Publishers Weekly
Armageddon looms thanks to increasing longevity, according to this fretful jeremiad. Fishman (China, Inc.) visits a number of locales--luxury retirement communities in Sarasota, Fla.; the rust-belt city of Rockford, Ill.; a village in Spain; Beijing--and everywhere finds a skyrocketing population over 65 with attendant problems: soaring medical costs, overwhelmed caretakers and government pension systems, and oldsters who feel sad and neglected. Fishman weaves these findings with all manner of demographic, economic, and cultural discontents, including plummeting birth rates, environmental degradation, underpaid immigrants, American industrial decline, globalization, and outlandish teen fashions. Unfortunately, conflating all this under the rubric of aging's "shockwave" obscures more than it reveals; while focusing on an unsolvable existential predicament--you can't keep people from aging--Fishman avoids investigating solutions to specific problems he raises, which are mainly issues of trade, industrial policy, and economic inequality, not necessarily longevity.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
Review
"Who would've thought that America's aging population has spurred globalization? Ted Fishman's exciting book-a series of stories really-knocked me off balance as I learned what's in store for us as the world's populace grows older and older. The observations in "Shock of Gray" are not just revelatory but profound." -Alex Kotlowitz
"Far-reaching and highly relevant...[with] a fast pace, global scope and jaw-dropping facts...Fishman has a keen ear...and he motors enjoyably through a huge quantity of date and anecdotes, sending out provocative flares along the way." -"New York Times Book Review"
"In 20 years, there will be 1 billion people over the age of 65, and "China Inc."'s Ted Fishman has found the current examples that, along with an inexhaustible supply of demographic trends, illustrate the knotty-and at times terrifying-issues of global aging that await us. A must-read for young and old alike." - "Fast Company"
"Readers should consider its messages and economic implications. What do we really want for ourselves, as individuals and a nation, as we age....The true mission of "Shock of Gray" is a...call to confront the demographic drama now unfolding in many middle- and high-income countries, not to proffer solutions." -"Los Angeles Times"
"The Chicago journalist behind "China, Inc. "is back with an investigation that's both timely and terrifying. The subtitle--"The Aging of the World's Population and How it Pits Young Against Old, Child Against Parent, Worker Against Boss, Company Against Rival, and Nation Against Nation"--says it all. (Though with his characteristic smarts, Fishman says it with a lot more nuance.)" -NewCityLit.com
About the Author
Ted Fishman is a seasoned financial and economic journalist whose work has appeared in The New York Times Magazine, Money, Harper’s, Esquire, USA TODAY, and GQ. A Princeton graduate, Fishman is also a former floor trader and member of the Chicago Mercantile Exchange, where he ran his own derivatives arbitrage firm. He lives in Chicago.
Most helpful customer reviews
34 of 35 people found the following review helpful.
A Look at Our Future
By Orrin R. Onken
The book does not present a lot that is new unless you are new to the subject. I thought to myself as I read that it was a Cliff's notes version of year's worth university study in gerontology. The book is good for a beginner, or as a refresher, but does not have a lot to offer to someone already familiar with the discipline.
The book is strongest in its examination of the economics and sociology of an aging world population. It looks at Spain and Japan, because the problems of an aging population have already arrived there. The problems in those country foreshadow our own. Fishman looks at China because that country is a powerful economic engine, and looks at the United States because we live here.
The discussion of the physiology of aging is shorter but interesting. The chart of normal physical decline by decade accurately summarizes current thought and makes for entertaining reading. No discussion of the physical side of aging is complete without looking at what lets us live longer. The book delivers again the message that most of the decisions which determine how long we live are made at the societal level (pure water, uncontaminated food, decent sewers, and literacy). Some were made by our parents, but for those of us who don't smoke or go to war, there isn't much we can, as individuals, do about our longevity.
Fishman writes well about the social and economic aspects of aging. I think he gave the short end of the stick to the psychological aspects. He talks a lot about dementia and loss of cognitive capacity, but doesn't address any of the theories of adult development. He talks about the physical declines we see in our thirties, forties, fifties, but does not talk about the psychological responses and defenses that we use to adapt to the physical decline. I think that the book would have been better with more discussion of current thought in that area.
Fishman is a reporter, not an academic. Attempting to make the facts and statistics palatable he uses case studies--beginning with a person, or a family, or country--thereafter expanding from the specific to the general. After a few chapters of that, I found the technique tedious. I didn't want to meet another fascinating elder, or interesting town, or developing country. I wanted to get to the facts and figures.
I was generally pleased with the book. The subtitle is inflammatory--to sell books I suppose--but the text is not. We are facing problems as our population ages, but they are problems that arise from our self-interested decisions to quit living in poverty and seek fulfilling lives. The problems will require solutions that will change the societies we live in, but in many respects those changes will be for the better.
12 of 13 people found the following review helpful.
Read it or be left behind!
By G. P. Critser
Fishman has brought his characteristic reporting and analytical skills to one of the most important population trends of our day. What makes the book of note is the fact that it is written by a journalist rather than a gerontologist or any member of the gerontological establishment, who have been unwilling in the past to cast aging as a problem.Important also for business-minded folk who want a leg up on the future. Get the book!
9 of 10 people found the following review helpful.
Epic Research
By Dan Buettner
Ted Fishman established his reporting prowess, trend recognition ability and story-telling flair with his excellent book, "China Inc."
"Shock of Gray" is an even more important work as it brings to life one of the most important issues of our time--the aging of the world. Most of us would like to live longer, healthier lives but what does that mean for our economy? For the legacy we leave our children? For the chances that we'll be able to live out our retirement? Mr. Fishman takes us around the world as he answers these questions with graceful clarity. We will be referencing this book for many decades to come. --Dan Buettner
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