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Old 28th July 2022, 21:04     #6
Ab
A mariachi ogre snorkel
 
Read an interesting article the other day from economist Peter Zeihan whose pitch was that we don't have a resource-based economy, we have a global population-based economy. His thesis was that it takes people to make stuff and people to buy stuff, and if your population declines your economy does even faster.

blah blah blah lots of stuff, then he got to the good bit of: all this stuff about a Chinese century is bullshit. He said China's over by 2050. Their population is almost entirely middle-aged, the one-child family policy was a disaster in two ways - it destroyed population growth and it gave China a sex imbalance thanks to female infanticide - and the biggest segment of their population is going to be dead by 2050. He predicted the China's population will drop by half by the second half of the century. Which would be a trip.
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