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Pepe Le Pew
VisualPolitik EN
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Comments by "Pepe Le Pew" (@pepelepew1227) on "Why won't China Surpass the United States? - VisualPolitik EN" video.
@FarBetterThanIDeserve abt the idea generation part predicted by lee kuan yew, it hasnt manifested so far though it probably will in the future when gdp per capita is >$20k. yes net benefit will increase with critical mass but population growth also comes with a greater social cost - the poor tend to breed more. what singapore do is import the good ones (intelligence, grit, wealth) hoping they will integrate by the second generation. im not worried abt the doom-and-gloom reports abt china, the west has upped that ante since 2010. a few examples: the "war" on megacompanies are abt antitrust and deleveraging that started in 2016 (re: overcapacity) which would be good for long term growth. aging demographics is being countered by a 3-child policy just enacted a few months ago. judging from the population pyramid, there will be a 10 year imbalance gap but china has a great savings rate to tide them over and most of the non-financial debt mentioned in this video .... are mortgages (which ties a person down).
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