Comments by "Kristopher Driver" (@paxdriver) on "The North Korean Disaster" video.

  1. While I appreciate your POV, economically speaking I think this piece completely missed the mark for a few key reasons. 1) the cost of military would dramatically lessen in the event of a NK collapse. The low skilled labour of refugees uplifts gdp drastically more than higher wages based on productivity. For construction, language teachers, social workers, police, fire departments, all those great middle class jobs will see a surge of demand boosting s Korean incomes as an effect of the debt incurred absorbing the NK refugees. That's good debt to have: construction, infrastructure, education, and basic needs consumption are huge boons to established economies because the system is already built and refined to train and expand these positions. It's nothing like starting a new country from scratch where everyone stands still waiting for a constitution and utilities. It would be a shock to the south Korean system for sure, and there would be debt, but for anyone who knows anything about chasing value that's the best debt to own - sovreign with guaranteed growth if consumer base and labourers who would feel rich working like livestock for minimum wage because freedom would be a new statutory benefit they would've sold a child for prior to reunification. I would love to invest in South Korean bonds in the event of a unified Korea, that'd be the easiest 12% 20-yr yield I'd ever find in my lifetime.
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