Thoughts on this?

[GemState]

I read this piece the other day which establishes that by 2050 the world will demographically be defined by the metropole(North America), the old world(parts of Europe + Asia), the quiet world(largely the BRICS + Central Asia) and the young world(Africa)

https://www.palladiummag.com/2022/08/16/in-an-aging-world-the-metropole-beckons/

@Nilotic @El Nino Thoughts?

 

[GemState]

"The future of this Young World will likely be characterized by a rolling frontier of manufacturing and other high-labor enterprises, quite possibly including large agricultural and natural resource projects. This is an attractive option for current rich countries, but it also requires a workforce willing to venture into the Young World and impose the physical and logistical discipline of industrial economies in these regions—a process China is carrying out across many regions today. Creating an industrial workforce is immensely difficult; it required a full mobilization of society in Europe and America, from mass public schooling and factory discipline to negotiating institutions between employers and workers.

The process will likely look similar to what occurred in Mexico, where a very poor, almost entirely agrarian nation gradually developed into a hub of industry and commercial agriculture which now supplies much of America’s vegetables and assembles our highly complex computerized cars and trucks. Both U.S. and Mexican companies carried out the process with state backing."

 

[Prime Minister]

Unlike Europe, US has not exhausted its natural resources. Instead they have been buying with a currency they printed out of thin air and chose to store their resources. It's really Europe that will suffer in the long run, which is why they are starting the Global Gateway program to create Europe's factory in the "Young world" Africa.

 

[umbrarchist]

Economists are mostly pretending that planned obsolescence does not exist. Natural resources are being wasted to make garbage to not last long and then be thrown away.

The depreciation of the garbage is ignored.

This is in the paleface economics books:

If you search you will find Net Domestic Product. But you will not find a graphic. It should look like this:

But the Laws of Physics do not care about whether a machine is a capital good or a consumer good. They all wear out and therefore depreciate. Western economists are deliberately failing to do algebra.

So the e-waste gets sent to Africa.