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I have. And the problems with those countries is societal, not economic.
You cannot separate the two. They are reciprocal factors. In addition much of the societal change has been a result of western missionaries who forced their religious standards upon them.
The Catholic Church has had a vested interest in overpopulating third world countries for hundreds of years.
The point is many of these countries were places where people had much higher standards of living 50 years prior, before overpopulation outpaced both their economies and their resources.
Competition has gotten so fierce in all respects; school, jobs, college, business, etc. A ton of talent is being wasted because not enough opportunities exist to nurture it. We can ease up on that.
That is a symptom of over concentration of wealth rather than over population too high a population.
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Originally Posted by jimhcom
So yes overpopulation was a significant factor in the misery of the dark ages.
The ratio of people to clean water, rather than out right density is the issue.
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Originally Posted by DSOs
^^The time leading up to the Irish Potato Famine (1750~1850) was a good example of decimation via mega-overpopulation/spent resources.
And intentional miss-management by the land owners that thought they could make more money raising sheep that people on their land.
The problem with deflations is it sucks. Inflation is far less trouble to deal with. Japan has been arguing the demographics as why their economy has been sucking for a long time when they have been having falling prices of houses for 2 decades. Wage inflation to pay for those overvalued houses would have cut the hang over time in ¼ or more. With wage inflation the banks don't fail. With deflation the banks fail. If you have a 12% NPA rate on 90% margin your bank is going to fail. With high wage inflation the banks wont fail. The price is that they don't get to keep the relative worth of the assets.
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Originally Posted by cpg35223
I have. And the problems with those countries is societal, not economic.
The over concentration of wealth is a big problem. With a high demand for labor people are too busy working to have a lot of kids.
And intentional miss-management by the land owners that thought they could make more money raising sheep that people on their land.
Arguably unintended mismanagement, but I heed your point. Also, this is what happens when overpopulation arises—people are treated like sheep!
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Originally Posted by pie_row
...Wage inflation to pay for those overvalued houses would have cut the hang over time in ¼ or more. With wage inflation the banks don't fail. With deflation the banks fail. If you have a 12% NPA rate on 90% margin your bank is going to fail. With high wage inflation the banks wont fail. The price is that they don't get to keep the relative worth of the assets.
I see you’re still dating Ben Bernanke’s daughter; what did you get her for Valentine’s Day?
The biggest symptom of which being low/depressed wages.
How you get wage/price inflation in this macroeconomic situation is with the minimum wage law. Upping it to $30 an hour would be a good start.
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Originally Posted by MrRational
What high demand for labor?
We are in a situation where we are printing money and not able to stop. OK let us own this. And then do it fast enough to get full employment. That with much higher minimum wages will get us out of this mess relatively quickly.
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Originally Posted by DSOs
Arguably unintended mismanagement, but I heed your point. Also, this is what happens when overpopulation arises—people are treated like sheep!
The point of the school system we have is to train everyone to act like sheep. The Prussian school system that ours was modeled after was chosen because the people coming out of it were good solders or good factory workers.
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Originally Posted by DSOs
I see you’re still dating Ben Bernanke’s daughter; what did you get her for Valentine’s Day?
Alas I'm aspiring to date her but not invited to the party as the bankers haven't realized yet that they can't keep their relative wealth.
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Originally Posted by jimhcom
Clean water? How do have clean water when the people were so overpopulated they were wallowing in their own feces.
Hmm. The Roman definition of barbarian was people lacking sewage systems. Adequate drainage with flowing water means the sh-it goes away.
Running water and flush toilets is all it takes. The Romans had them. It isn't population density it is the ratio of people to clean water.
Civilization = sewage system installation. The act of becoming civilized is installing a sewage system.
Do you know how hard the Fed is trying to get inflation? The Fed doesn't have a lever to move the economy with. Not one that works very well. The minimum wage law will get you wage price inflation. That lever will move the economy.
Wouldn't having more people create more demand for goods and services? Thus creating the need to create more jobs? Or have we reached a point that automation has eliminated the need for this many jobs? What's equilibrium?
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Here's a curveball question...
