Money and Aging / by kevin murray

The five richest nations in the world are by GDP: the United States, China, Japan, Germany and the United Kingdom.  Excepting China, each of these countries that are rich by GDP has been near or at their current position for at least two generations, but each of these countries, including China, are aging populations, in which, each of these countries, has less than 25% of their population that are currently under the age of eighteen, whereas countries such as Nigeria, and the Democratic Republic of the Congo, amongst many other African nations, are extremely young, with 50% or above of their population less than the age of 18, and India, soon to become the most populous nation in the world, has just over 40% of their population that are under the age of 18.  In a nutshell, the youngest countries have an abundance of labor that will be available for work as compared to the richer and more mature nations that have an abundance of capital primarily in the hands of an aging population.

 

This would signify that going forward, in a globalized world, that labor costs, over and above the impact of the rise of the machines, hi-technology, and robots, will continue to be quite favorable to those that control capital, and will therefore be quiescent, additionally, the material needs of those that have the money and are aging are fundamentally different from the needs of those that are young, indicating that rather than a desire for more things, their desire may be better defined as continued good health.  This would indicate that there is a coming divide between those that have the money but have a significantly reduced need for material goods as compared to those that are laboring and simply want to make enough money so as to buy material goods along with attaining good shelter.

 

In any country, it is the youth, that is the most dynamic, the most energetic, the hardest to satisfy and the hardest to mollify, so that, if these labor resources are underutilized with future growth and opportunity being perceived as truncated, domestic insurrection and disruptions are often the result of such, with the corresponding repression and retaliation from governmental military and paramilitary forces.  All of this is especially exacerbated when domestic labor and domestic industries of younger nations are co-opted or upset by the forces of richer nations that export in goods that have been subsidized in one form or another by their governmental fiat, so as to satisfy their interests, and to increase their profits and their desires.

 

If, younger nations, end up being dominated by older nations, than in substance and in action, these younger nations will not be given a fair opportunity to develop themselves into strong, independent countries, but instead will see their material assets as well as their best and brightest extracted for an unfair price to those that have the excess of capital as well as power that will allow them to do so.  The advantage that rich countries in a globalized world have is that because they control the money, it places them in the enviable position of access to a labor pool that must work or suffer the ill consequences of idle hands, and thereby unjustly are able to suppress wages and opportunities for the ultimate benefit of the few.