Note: Some of you may remember me speaking about this interview/topic before. But this is a different spin of that answer.
About 10 years or so ago, the Chinese Finance Minister was giving a rare interview. Especially to an American journalist.
An answer he gave to a question was remarkable. Both in the answer itself, but he gave that answer without hesitation.
The Question: 'What is the greatest problem facing modern economies?"
The Answer: "What to do with excess population".
Excess population.
What is that exactly? Well he went on to explain what that is - at the turn of the last century for every million people, you needed X number of people working to support their needs and wants. As technologies/robotics/outsourcing/mergers continued - that number needed to work to supply the overall population became LESS THAN THE NUMBER OF PEOPLE SEEKING EMPLOYMENT.
And that - is the excess population. We simply don't need as many people working today to provide for the needs of a nation.
So.. what do you do with those people left out?
That is one topic. I want to think about, and talk about another side of that quandary.
In America, for the past 15 years straight the number of people getting welfare and all the other government programs is growing.
But who is getting that money?
Overwhelmingly the people getting that money are the dregs of society. Lazy people, drug addicts, alcoholics and otherwise people who simply don't want to work. But are perfectly willing to have multiple children that they have no intention of supporting.
MEANWHILE - there is an ALARMING number of people who are only having one child because they cannot afford the crippling high cost of childcare. - WHY NOT SUPPORT THEM INSTEAD?
Nearly all of the money, and we are talking $billions a month, is going to people who not only don't deserve it, but raise multiple children who overwhelmingly are going to be come the next generation of freeloaders/drug addicts/alcoholics.
We are subsidizing, and indeed financing that failure. Guaranteeing it. The result is a population where good/smart people are having less kids producing less good smart future adults... and financing a dumber/lazy population that is growing fast.
It's true.
About 10 years or so ago, the Chinese Finance Minister was giving a rare interview. Especially to an American journalist.
An answer he gave to a question was remarkable. Both in the answer itself, but he gave that answer without hesitation.
The Question: 'What is the greatest problem facing modern economies?"
The Answer: "What to do with excess population".
Excess population.
What is that exactly? Well he went on to explain what that is - at the turn of the last century for every million people, you needed X number of people working to support their needs and wants. As technologies/robotics/outsourcing/mergers continued - that number needed to work to supply the overall population became LESS THAN THE NUMBER OF PEOPLE SEEKING EMPLOYMENT.
And that - is the excess population. We simply don't need as many people working today to provide for the needs of a nation.
So.. what do you do with those people left out?
That is one topic. I want to think about, and talk about another side of that quandary.
In America, for the past 15 years straight the number of people getting welfare and all the other government programs is growing.
But who is getting that money?
Overwhelmingly the people getting that money are the dregs of society. Lazy people, drug addicts, alcoholics and otherwise people who simply don't want to work. But are perfectly willing to have multiple children that they have no intention of supporting.
MEANWHILE - there is an ALARMING number of people who are only having one child because they cannot afford the crippling high cost of childcare. - WHY NOT SUPPORT THEM INSTEAD?
Nearly all of the money, and we are talking $billions a month, is going to people who not only don't deserve it, but raise multiple children who overwhelmingly are going to be come the next generation of freeloaders/drug addicts/alcoholics.
We are subsidizing, and indeed financing that failure. Guaranteeing it. The result is a population where good/smart people are having less kids producing less good smart future adults... and financing a dumber/lazy population that is growing fast.
It's true.
