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by bell-cot
881 days ago
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Ignore the blame-the-Boomers angle. Over the past half-century or so, the ratio of Americans to square feet of residential housing has been falling relentlessly, while the cost per square foot of residential housing has been rising relentlessly. No matter how you try to slice that pie, there's gonna be a grim shortage of housing for the 99%. |
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Putting aside Malthusian arguments about how many people the world can theoretically support, when it comes to lifestyle the results are clear. It isn't a perfect analogy, but Neal Stephenson got to the heart of it a long time ago:
"...once the Invisible Hand has taken away all those historical inequities and smeared them out into a broad global layer of what a Pakistani brickmaker would consider to be prosperity..."
Well that's the trend. A world bloated with people, supported by burning non-renewable resources from energy to agriculture, and which is now connected such that everyone wants access to the top lifestyle... it doesn't work. The obvious reality is that you can't convince people to settle for a worse life, so you need to work on reducing the population.
And yet the story of the age is that falling birth rates are going to doom everywhere from Japan to China, the US to Europe.