This is interesting. Many people advocate population reduction as being important for the environment, but how many people understand the implications of shrinking population on the economy - specifically the financial well-being (or even just survival) of the elder generations? In this interesting article, a German writer discusses this problem:
"There is nothing complicated about finance. It is based on old people lending to young people. Young people invest in homes and businesses; aging people save to acquire assets on which to retire. The new generation supports the old one, and retirement systems simply apportion rights to income between the generations. Never before in human history, though, has a new generation simply failed to appear."
Yikes!
I don't like his statement towards the end that "free markets give them the sort of economy they deserve." I think I understand what he means, but I don't like people referring to what we have as a "free market". When you've got an intrusive centralized Federal government like ours, we definitely don't have a "free" market.
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