my economics education is admittedly limited, but that seems terrifying… that says that the entire economy is a speculative bubble, since long before I was born… and this graph ends before the internet, before the dotcom bubble, before the accelerating cycles of VC tech speculation that have happened since… I have to imagine an updated version of this would look much worse.
My only complaint is that I think a lot of these graphs should be on logarithmic scales.
It is easier to see the change of trend line when linear though. It really drives home the magnitude of the problem. Not everyone can properly interpret a logarithmic scale.
So basically, the US dollar which is the global reserve currency, goes off gold standard, Israel gets a shit ton of money suddenly, and everyone is poor, fat, unhappy, divorced, living with parents, and without a home at a decent point in life. The global birth rate goes down. Savings accounts are fucked. It’s almost like we should have a currency backed by something other than the sentiment of some old rich white men that belong in a rest home.
Declining birth rates are a challenge under socialists systems also if you have a population skew towards the elderly. If 60% of the population is retired and now heavily utilizing a universal healthcare system, how is that being paid for? Ideally some of their tax income would have been saved for their healthcare needs later in life but that rarely happens.
https://wtfhappenedin1971.com/
Yikes… this one right here:
(about halfway down)
my economics education is admittedly limited, but that seems terrifying… that says that the entire economy is a speculative bubble, since long before I was born… and this graph ends before the internet, before the dotcom bubble, before the accelerating cycles of VC tech speculation that have happened since… I have to imagine an updated version of this would look much worse.
My only complaint is that I think a lot of these graphs should be on logarithmic scales.
It is easier to see the change of trend line when linear though. It really drives home the magnitude of the problem. Not everyone can properly interpret a logarithmic scale.
1973 is when the Heritage Foundation was founded.
I wondered why everything went to shit that year. Now it all makes sense. The rich all got on the same page.
So basically, the US dollar which is the global reserve currency, goes off gold standard, Israel gets a shit ton of money suddenly, and everyone is poor, fat, unhappy, divorced, living with parents, and without a home at a decent point in life. The global birth rate goes down. Savings accounts are fucked. It’s almost like we should have a currency backed by something other than the sentiment of some old rich white men that belong in a rest home.
The declining birth rate is only a threat to the capitalist. Can’t have ever increasing growth if there are fewer victims to fleece.
Declining birth rates are a challenge under socialists systems also if you have a population skew towards the elderly. If 60% of the population is retired and now heavily utilizing a universal healthcare system, how is that being paid for? Ideally some of their tax income would have been saved for their healthcare needs later in life but that rarely happens.
Its the very nature of constant growth that causes those imbalances.
Skip to the end and you’ll see that the driving factor is less beef consumption