It’s the demographics, stupid. And unfortunately, we’re only a generation or so behind.
5 thoughts on “The Real Crisis In Europe”
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It’s the demographics, stupid. And unfortunately, we’re only a generation or so behind.
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And yet Germany, with a lower fertility rate than Italy, Spain or Greece, is doing just fine. Maybe it’s about the Euro, and not the demographics?
You’ve done it again Jim. Using a single data point you dismiss the obvious.
Keep it up. You might one day be correct by accident.
It’s about rigged market for products, services, labour and capital. Change that and the problem will solve itself. If birth rates are low, then the population will shrink. As a consequence the older generation will have less money to spend than they had anticipated, because the younger generation will refuse to bail out underfunded pension funds offering overly generous pensions.
Nothing new here, Japan is a generation ahead of Europe in this regard. The answer they determined is robotics, which is why they are the world’s leader in the field.
Are the Japanese the world leader in sexbots as well? That’s not going to help the trend.