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> but the economic benefits once they reach adulthood tend to flow to government and society at large. Not at all. Almost everything is privatized today. When
by unity1001 4y ago
> but the economic benefits once they reach adulthood tend to flow to government and society at large.
Not at all. Almost everything is privatized today. When children reach adulthood, the economic benefits that they create also go to the private sector. 'Small government' in the West meant that the government being pushed out of every sector from education to healthcare and private profiteers taking their place. And as private players, their objective is to maximize their profit.
So even child raising became a thing that requires ever-increasing amount of effort and cost from parents as the profit margins rose. Japan got hit before other Western countries and got hit harder because it already had a 'work or die' culture that required 100% from the employees. To have children, you had to put 120%. And when the private sector's increasing fees made it require putting in 200%, the youth just stopped trying...