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Msg  452382 of 466529  at  10/1/2022 4:09:55 PM  by

navajojoe


 In response to msg 452372 by  Naamkat
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Re: Prediciting bear markets // Three things you can count on

So, how does population continue to rise?
=========================================

The problem I see is just who is it that is the driver behind the population increase?
Other than people who shun birth control for religious reasons, the only people I see having large families are the poor, possibly still based on the theory that you need lots of children in case some of them die prematurely, and to have as many as possible to support you in old age.

So the rich have fewer children, so their accumulated wealth is minimally divided.
The poor, don't have much wealth anyway, but whatever they have is divided among more people. That makes it difficult to get out of poverty, as a group.

I realise the classic response is that anyone can work hard and get themselves out of poverty, and that is true on an individual basis. But I am talking about the greater population, and the systematic prejudice against the poor guarantees that they, as a group, stay poor.

So, the rich get richer, and the poor get poorer. That is a perfect recipe for a social breakdown that will continue to erode our economy. We have gotten away with it so far because of out-of-control government borrowing/spending, wages that haven't kept up with even the low rate of inflation, and that low rate of inflation/interest rates that have allowed the poor to survive. That is all coming to an end, right now.

Add in the fact that food is pretty much unaffordable for many, the very real potential of actual food shortages, people losing the ability to afford a roof over their heads, not to mention the European/Russian mess, and it is becoming obvious that this is something no one has experienced in their lifetime, and are ill-prepared for.

I doubt too many on this board are going to suffer financially, but there are more important things to consider than whether or not that second house in Florida survived the hurricane.


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