Automation will solve this. As more processes get automated 20th century capitalism will have to adjust or fail. I say let the machines "pay" for it.
IMHO, 20th century capitalism will be become less and less viable as the world progresses technologically in the 21st century.
Yea let’s just hope automation solves it in the way these futuristic predictions are made, and if not then cool Chinese are just fucked with an aging declining population.
This is so silly and mad. In fact, the PBOC in the link that was posted criticized this repeated talking point.
But I’ll go even further. Even if automation resolved this one aspect, it wouldn’t solve the problem of having less young and innovative minds to CREATE new technologies. While competitors may be growing their populations, your ideal world is for massive hopeful breakthroughs to be made so that we can just end up caring efficiently for a bunch of old people but with no future to show for it.
Innovation is done by people, and the more smart ones the better. Like Bezos said, he wants trillion of humans across the Solar System, because that’s a billion Einstein’s and Von Neumann’s.
But I guess your solution for that too is some hopeful dream of god-like AGI to replace Chinese youth, as if this is a bet that should be made! If AGI comes great, but such dreams can’t be relied on. The consequence of these technologies being delayed is China falling behind for decades if it doesn’t make sure it’s demographics are healthy as backup.
If China ends up in population decline and all we have to show for it is people speaking the same sentences about automation, then China is fucked like Japan is. They’ve been talking about automation since the 1980s.