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#620 - Ray Dalio - How To Prepare For The Changing World Order
Modern Wisdom
The Costs of Demographics
Birth rates in Asia are falling through the floor. In China, a married couple has four old adults that they have to take care of. There's not an adequate social program and it takes time and money. One hopes that productivity increases faster than this burden. And if you raise that, you have to then divide the pie well.
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