Peter Zeihan

And so with the way we understand economic theory and the way that we understand biology and parenting, they don't require reinvention.

They just need to encourage their young people to have kids in some way for whatever reason they want to modify the language.

But once you pass that, once your average age slips past 40 and especially past 45, there's no longer a traditional biological path.

It's about smoothing the decline, stretching it out, and a number of European states have proven to be very good at that.

Japan has proven to be surprisingly good at that, but it's still a bit of a starvation diet in the long run unless you change the economic model.

So whether it's fascism or socialism or capitalism, everything is based upon the balance between labor and capital and supply and demand.

That's how we understand economics, how we have understood them for half a millennia.

Yeah.

If you can come up with something new, and I'm all ears, then maybe it will work in a different demographic profile.

At the moment, the leading theory, and it won't work, is, of course, modern monetary theory.

That just shuffles those four factors.

It doesn't really change the math.

What the Trump administration seems to be trying, whether or not they're doing this consciously or not, is

question uh is some sort of um metered demand a restricted demand model where your demand is only met if the government green lights it and other people's demand that just doesn't count that doesn't factor in i'm not saying i think this is a good idea i'm saying it's like the only thing that i've seen in the last decade that might theoretically apply to a future society

Countries that are aging out but haven't yet crossed that line, they've run out of consumption, but they're not yet a retirement home.

Those countries are really, really dependent upon exports.

And Korea is probably the poster child for that.

China is very close second.

they need an open globalized world because they can never consume what they produce.

And so if they're going to have any income in any long-term tax capacity, it's going to come from selling stuff to other countries.