2023: Creating Your Own Luck | Exploring the Economic Impact of Demographic Decline with Malcolm Collins Part 1

In this episode, Jason discusses the concept of luck and how to manufacture your own luck. He emphasizes the importance of building a network, learning new skills, and being actively involved in your endeavors. Remember, luck happens when preparedness meets opportunity. Also, get your tickets to our upcoming Creating Wealth virtual event on July 21 and 22 to learn more about wealth creation in uncertain times. Go to https://www.jasonhartman.com/ and register today!

Jason then welcomes Malcolm Collins, a former venture capitalist and private equity investor. Together they discuss the economic impact of demographic decline. They explore various topics, including the declining fertility rates in countries like South Korea, the US, and China, and the potential consequences for the economy. Collins emphasizes that the current economic system is built on the presumption of constant growth, driven by a rising population, and highlights the unsustainability of the current trends. He also delves into the sociological forces contributing to demographic decline, such as the urban monoculture and the economic pressures faced by individuals. Collins argues that capitalism, while a powerful system, is not well-equipped to address the long-term value of adding humans to the system. Additionally, he challenges the notion that immigration can solve the demographic decline issue, pointing out the complexities and potential dependencies it creates. The conversation touches on the importance of foresight, the role of children as future workers and contributors to the economy, and the broken state of modern dating markets.

Key takeaways:

Jason's editorial

1:28 How to be lucky; be in the game- join our Empowered Investor Pro Network

6:05 Join The Collective Mastermind

6:26 Chart: US Interest Rate Hikes

7:55 Chart: The State of the Nation's Housing 2022

9:25 Chart: Home Price Growth Hit Record Highs in Most Markets

9:41 Get your tickets to the Creating Wealth Virtual Event today!

Malcolm Collins interview

12:14 Everything is NOT fine

21:25 Some causes of demographic decline

25:10 Foresight and selfishness

30:40 Dating is a marketplace failure

Mentioned:

"The Virtue of Selfishness" by Ayn Rynd

"The Bet" by Paul Sabin

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