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People = economic power. Consumption = economic power. It's very likely that China and/or India will eventually be the most powerful countries in the world. W
by marcoperaza 10y ago
People = economic power. Consumption = economic power.
It's very likely that China and/or India will eventually be the most powerful countries in the world. Why? The simple fact that they have the most people and will have the biggest markets.
And anyhow, if we can sustainably support double or triple the current population, then why not?
- adventured 10y agoVery large populations will increasingly be a liability in the age of robotics + AI. China and India will suffer immensely because they're simultaneously extremely poor, extremely under-educated and overpopulated at exactly the wrong time. Their over-population will be a persistent drag on raising the standard of living for all of their people, leading to stagnation once their easy fill-in growth is done (China's ended years ago). There is no scenario under which either nation can substantially boost the economic output of their bottom ~800 million, the global economy will never grow fast enough to allow for it. For example, India's path forward on easy GDP growth is already blocked by the end of the manufacturing boom that China was riding for decades (and that regional competitors in east Asia are already deep into taking from China). India coming from extraordinary poverty, will find it very easy to maintain 5% & 6% type growth for years to come, the economic wall will show up as they try to leap toward the middle of nations economically. It's very likely that neither China nor India will ever become the most powerful countries.