Wednesday, March 22, 2023

China's aging population threatens a Japan-style lost decade

From the Japanese perspective! One possible solution robots!

When a totalitarian dictatorship enforces a one child policy for several decades!

Unfortunately, there are many Westerners who admire such government control policies applied to families! Authoritarianism is very seductive. Simple one size fits all government solutions are supported by rather naive people!

"Last year China's population declined for the first time since 1961, and this downward trend looks likely to continue.
China is not yet a high-income country, and its shrinking population could be a drag on economic growth as more and more retirees claim an ever greater share of resources.
Could China be headed for catastrophe as the workforce shrinks, pension coffers dry up and the health care system becomes more overburdened?"

China's aging population threatens a Japan-style lost decade - Nikkei Asia Beijing's brutal one-child policy tackled overpopulation but did it go too far?

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