Radical Personal Finance
989: Everyone is Moving to the Metropole
Jan 9, 2024
Examining China's shifting demographics and the relationship between wealth, youth, and state power. Exploring global migration patterns and fertility rates. Discussing the impact of increasing migration to major cities and the potential futures of the US as a global power. Exploring the projected aging populations of Brazil, Turkey, Iran, and Mexico by 2050 and the potential economic challenges they may face.
33:18
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Quick takeaways
- China's aging population poses challenges for its global power and prestige, as being young is as important as being rich.
- The US is poised to become a global economic and geopolitical powerhouse due to its relatively young and growing population, while countries in the old world will face population decline and a loss of global influence.
Deep dives
The Aging of China and the Developed World
China's population is aging, with the median age projected to increase to nearly 50 by the mid-century. This poses challenges for China's global power and prestige, as being young is as important as being rich. Similar challenges are faced by the developed world, where aging populations and low birth rates require migration to compensate.
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