4 ms·
There are two sorts of demographic issues. The first is a mere shift in demographic profiles. This leads to a desire for more consumption and a reduction in pr
by yummyfajitas 10y ago
There are two sorts of demographic issues.
The first is a mere shift in demographic profiles. This leads to a desire for more consumption and a reduction in production - nothing capitalism can't handle. Prices will change a bit, that's all.
The second is a kleptocratic wealth transfer from the young to the old. Witness contemporary Greece, Detroit, Italy, and similar locales. Then look at many US localities (Texas being one of the few exceptions [1]) and recognize what the future contains.
The latter makes me very afraid, and that's what I seek to escape. Not all countries are set up for that.
In terms of mitigating the impact of the first, India, Malaysia, Indonesia and the Phillipines all have relatively favorable age profiles. Singapore can also maintain a good age profile via immigration - given how well governed they are, I expect that to occur.
[1] Although Texas is well governed and has a solid economic future, it's unfortunately tethered to NY and CA by being in the US. Further, it's unclear that Texas' good governance will continue given how much immigration it's getting from the rest of the US.