An older population is a consequence of capitalism making Western societies richer beyond anything conceivable when our grandparents were young. Capitalism, albeit with hiccups and an occasional convulsion, will go on making us richer and better able to care for the elderly
“…Beyond embracing capitalism, numbers of factors come into play to explain why one nation is more prosperous than another. Education is undoubtedly important. The wisdom of rulers in the way they go about taxing, spending and regulating is important. The availability of natural resources might play a part as, less tangibly, might the degree to which societal norms create an environment which encourages individuals and businesses to be adventurous and innovative. How does population—its size and growth—fit in?
As I will show, by a quick look at the evidence, population size itself hardly matters at all. The economic effects of falling population growth are more difficult to assess. They fall broadly under a heading of the direct and indirect consequences of an ageing population. Those consequences most prominently discussed are increased welfare spending, a fall in the rate of saving, a deficiency of aggregate demand, and a loss of adventure and innovation. I will consider each in turn, but first to population size.”
Scary Population Tales — a Response
Peter Smith has exposed the hollowness of ageing-related excuses for high population growth, but misses the point that these are merely excuses. Until we have a government willing to elevate the interests of ordinary people, the immigration throttle will remain glued to the floor
Peter Smith’s welcome article “Scary Population Tales” makes some valuable points, but was marred by some glaring misrepresentations and ideological non-sequiturs. It’s refreshing to hear a devout ‘capitalist’ questioning the population growth agenda. But I find much of his position hard to stomach.
Related… Lawrence Solomon: American workers didn’t have to suffer for NAFTA, but the deal was rigged so they would
“…It was all for the greater good. But it wasn’t the free market at work. It wasn’t the inevitable march of progress. It wasn’t even for the greatest good. It was, rather, a vast central-planning exercise in which the mandarins — government officials lobbied by myriad trade associations and other special interests — decided which communities would win and which would lose through thousands of pages of legislation and regulations. Their decisions were based not on economics but on politics.”
Yet more Central Planning by way of the Temporary Foreign Workers scam, courtesy Canada’s Crony Capitalists and agenda driven unions aided and abetted by a Liberal government determined to alter the face of Canada forever.