Thursday, June 3, 2021

In China, three is now a charm!

The idea of limiting offspring to one per family was in my opinion very good, but its Chinese-style execution was terrible and generated unintended consequences that still hunt the country to this day. 

To fix this, the government turned the dial to two, and then realized that it had sawed the capitalistic branch China was sitting on, in which population increase fueled GDP growth!

Given a green light to a third baby sounds like too little too late and, as members of an emerging nation, Chinese have figured out that kids cost lots of time and money and if they’ve got enough for one or two, three is now out of the question, like this is the case in most OECD countries. 

Deep inside, and probably intuitively, reasonably smart folks know that increasing the earth human population is a lousy idea and growth for the sake of it, a doomed pursuit. 

Maybe the new precept might work to a degree in the rural, impoverished parts of China, but won’t suffice to create support for its aging population without changing some essential rules.

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