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comment by rob05c
rob05c  ·  3331 days ago  ·  link  ·    ·  parent  ·  post: Why the world economy as we know it is about to be turned on its head

    China will face a double hit, thanks to the legacy effects of the one-child policy

Economically, I never understood the one-child policy. Sure, feeding a billion people is hard. But curbing your population because you don't want to feed them, in a labour-based economy, is like burning cash because you don't want to deal with finding a storage locker for it.





kleinbl00  ·  3331 days ago  ·  link  ·  

China was trying to clear out the peasants. As you mechanize farming your labor needs plummet so those become idle, angry males with nothing better to do than foment revolution. When you're trying to pivot from agrarian to industrial economy, limiting idled farmers is a prudent move.

China also grossly understated its population problems. They probably peaked between 1.3b and 1.5b people, not 0.9 and 1.1.

user-inactivated  ·  3331 days ago  ·  link  ·  

It is also easier to point guns at a billion people than two billion people.