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Tuesday, March 05, 2013
WHAT TO EXPECT WHEN NO ONE'S EXPECTING: AMERICA'S COMING DEMOGRAPHIC DISASTER Modernity's extinction event is coming fast -- and it's not extra-terrestrial in origin but man-and-woman-made. If an asteroid ever hits us, the human race -- if Mr. Last is right -- will surely already be dying.
The problem is that we moderns no longer seem to want to have children -- or at least not enough to keep up with requirements of such utilitarian sounding terms like "replacement rates." This is not a surprise to the author -- and it should not be a surprise to any parent: "raising children is difficult, resource intensive, socially inhibiting, and (if we can be candid) often unpleasant, it is not an exercise many people want to put themselves through multiple times."
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More Our demographic challenges are greater than our economic ones because our greatest economic challenges are really demographic in nature. In short, too many gray hairs and too few replacement taxpayers. In light of our demographic realities, Keynesianism is economic malfeasance and, to the advocates of growth, there is a deeper supply-side problem.
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