Exploring the impact of advanced age on US leaders, the effectiveness of elderly political leaders, challenges to reproductive freedom, youth response to aging societies, and reflections on elderly influence on change and hope for the future.
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Advanced age of US leaders raises concerns on mental acuity in politics.
Age and Mental Acuity Concerns in US Presidential Election
The average age of candidates in the US presidential election, 79 years, has brought attention to issues of age and mental acuity in politics. President Joe Biden, at 81, is the oldest president ever elected, leading to concerns about his fitness for the role. The advanced age of both candidates has sparked discussions on whether the political system should have leaders of such elderly ages.
Relationship Between Capitalism, Gerontocracy, and Wealth Accumulation
Capitalism's nature, with compound interest and returns on capital, tends to favor older individuals who accumulate wealth over time. Age and wealth correlation extends to labor markets with human capital, where returns on skills increase until mid-40s. Historical welfare state provisions like old age pensions addressed age-related inequality, highlighting the economic implications of an aging population.
Impact of Aging Societies on Democratic Policy Focus
As life expectancy rises, the elderly demographic exerts stronger influence on democratic decision-making, leading to skewed spending priorities towards elderly welfare. Nations like the US exhibit higher spending per elderly person compared to children, impacting investment in education and productive services for younger generations. Intergenerational spending imbalance poses challenges in optimizing economic benefits and societal progress.
The United States’ top leaders are older than ever. Is capitalism inherently gerontocratic? Do older leaders govern better or worse historically? And could a leader’s advanced age sap economic confidence and have a pocketbook effect? Adam and Cameron dig in.