Earlier quoted context omitted.
America’s favorite pastime is fetishizing European countries as if they are heaven on earth
Um, no. My family are all immigrants from Europe. Most Americans are raised to despise Europe, and the situation's that resulted in our families having to flee to another continent with nothing (this manifests as being anti-big government, because we have family memory of big government banning our existence/trying to wipe us out). I don't think Europeans understand the average american's psyche or the damage it does…
The end of the world is just beginning for shipping
271–280 of 483 posts
Re: The end of the world is just beginning for shipping
#272Earlier quoted context omitted.
His core arguments focus on geography and demographics, both of which are “hard” problems. Declining populations simply cannot maintain the “grow at all costs” current economic order. Even an advanced country like Japan with plenty of automation and high productivity rates hasn’t see any growth in two decades since its population itself doesn’t grow anymore. Even if you don’t go by his more alarmist arguments, you ha…
People like to point at Japan and its lack of growth pointing out to various degrees how awful that is, but if you’re actually Japanese, you’re pretty much fine for these decades of zeroish growth. Not to say Japan is an idyllic place free from problems, but the economics of a zero growth society has at least that example of a distinct lack of doom. If the rest of us experience it like that, it’s not really anything…
Japanese work long hours and don't make very much money. The average salary is just under 54k USD. People continue to work well into old age and in many ways Japan's culture and history are becoming lost due to the rural/suburban exodus.
Re: The end of the world is just beginning for shipping
#273Earlier quoted context omitted.
It's only unpopular because it flies in the face of economics. You say you're fine paying $300 for a pair of shoes - but are you okay with your livelihood being making shoes? If you're capable of doing higher-value work then isn't it a "waste" for you to be doing lower-value work? The U.S. has invested trillions of dollars building an infrastructure that has led its citizens to being some of the best-educated and mos…
> Moreover the late 19th and the first half of the 20th centuries taught us that focusing on the nation-state leads to widespread warfare. Better to have those nation-states in economic cooperation that leads to peace than economic competition that leads to war. I think it has taught us the opposite? Pre WWI, the world was already very integrated and globalized, to the point that many pundits said that a large war is…
I just did a quick search on the topic and found this link: https://www.history.com/news/queen-victoria-grandchildren-ma...
Well, we saw how that turned out!
Re: The end of the world is just beginning for shipping
#274Earlier quoted context omitted.
> Their populations will shrink with mathematical certainty. Yeah you know why? Because both parents sitting in offices 8 hours a day have no means of looking after their kids. And a mother giving birth needs to return to work in a few months time, else she there's no pay. Oh and neither parent can give up work to raise these future adults because living expenses are too high. I don't know why everyone is so surprise…
This is a popular theory on reddit, but it's not true. Birth rates are extremely low even in countries that paid parents to stay at home with kids and generally have good work culture. You would also expect birth rates to be lowest among people working 2-3 low-wage jobs, which is also not true. As financial stability and safety increase, birth rates go down. That's the only common driver of it. Historically, children…
I'll still bet that there's a significant career opportunity cost to leaving the workforce for a while like that.
> You would also expect birth rates to be lowest among people working 2-3 low-wage jobs, which is also not true.
If anything, aren't these the people for whom the opportunity cost is lowest? A gap on your "resume" after "McDonald's fry cook" to care for your kids doesn't require much explanation when you later apply for "Starbucks barista". If on the other hand you're a lawyer, maybe you didn't make Partner.
> In short, children were (and sometimes are) a social safety net.
I agree with this, and think it applies not just to children, but also to many adults, who can be helpful to their families but who might be unemployable in the larger market. The destruction of family businesses and informal employment is a problem, because society turns into, "get a job with formal compensation from one of these ten monopolies, or else you are worthless". And there are a lot of people who can't meet that standard.
For example, say your family member has mental illness that makes it hard for him to keep a job. If you owned a farm, you could still find something useful for him to do, and put up with him, and he'd be able to earn his keep, more or less.
Or say you meet a woman who, though creative and intelligent in many ways, also has unrealistic ideas about her "career", and who has never really had a proper job. So she's never going to make money, but she naturally tends to the house and does some cooking and contributes to the social life of the people around her. And say she wants to marry you. Do you do it? In a world of small family businesses, surely she'd help out somehow. In a world of FAANG-employed DINKs, she's worthless. And if she insists on living in California? "Sorry, I can't do this single-handed."
What this whole structure of society forces on people is cruelty. "Can you make money or can you not?" becomes the only important question to ask about another human being. It's horrible. At some level, Jeff Bezos' calculations of human worth enter our own calculations.
I'm not at all sure that the subjection of all things to the market has been progress. A world in which more "wealth" was in social/family networks, and where not all labor were so formal, might be a better one.
Re: The end of the world is just beginning for shipping
#275China's Navy is now bigger than the US Navy. Few have noticed. China's third aircraft carrier, the Fujian, was launched last week. This is the lead ship of a new carrier class. Carrier #4 is said to be under construction at Dalian. (There's so much shipbuilding in China that it's hard to tell if a new hull is a warship or just another giant container ship.) These are not nuclear powered. That's expected with the next…
But is it any good? That's the question. I don't doubt that they'll try something in the next 10 years, because now is the largest force they'll ever be able to muster. One child policy screwed them.
PLA is still massively modernizing and expanding with barely ~2% of GDP. It doesn't take that many bodies to man modern military, even worst case combination of South Korea tier TFR (<1) and cold war ear spending (6%+) enables PRC to field a military multiple times larger than current size. This is without considering unmanned autonomous platforms that PRC defense industry is heavily focusing on. Need to properly conceptualize how fast/large PLA has grown last decade relative to how modest the amount of resources has actually been devoted.
Re: The end of the world is just beginning for shipping
#276Haven't read the book, but for those who don't know who Zeihan is, his work follows two threads of post-WWII history: 1. Deglobalization; and 2. Depopulation The article focuses mostly on deglobalization, but depopulation is in the horse pulling the cart. Many are familiar with the deglobalization idea from the last US presidential administration. The current administration kept those tariffs, and abided by the previ…
Re: The end of the world is just beginning for shipping
#277I’ve been following Zeihan since his first book. I’m yet to find a credible counter argument to his theses. And he’s being proven right at an alarming pace this year. So far this year we’ve had: - A land war in Europe - Food insecurity in the developing world - Breakdown of supply chains and shipping routes - Nation states resorting to seizing each other’s ships (see Greece-Iran issue recently). Everything that he ha…
The US Navy is a major player here, having recently seized Venezuelan and Iranian tankers on the basis of violating sanctions. Only in retaliation did Iran begin seizing boats. This undermines the thesis that the US Navy is somehow protecting the stability of global trade. They're actively destabilizing to advance Washington's hegemonic interests.
> The thing about Zeihan’s arguments is that you can’t really argue against demographics.
You can absolutely argue against this. It's called automation. Needing millions of young healthy bodies to push machines around is increasingly outdated. A highly technical population with "bad demographics" will easily outperform a 20th century population with "good demographics" in the 21st century. Not to mention high population growth (required for "good demographics") is increasingly unsustainable due to natural resource limitations.
Zeihan is frankly a crock. He makes pretty maps and bold claims, but his evidence-based analysis is incredibly shallow. His MO is selling books: geopolitics as entertainment, not providing useful analysis.
You are much better served by listening to experienced realists like John Mearsheimer or Michael Hudson, rather than Zeihan's pop-geopol junk.
Re: The end of the world is just beginning for shipping
#278Haven't read the book, but for those who don't know who Zeihan is, his work follows two threads of post-WWII history: 1. Deglobalization; and 2. Depopulation The article focuses mostly on deglobalization, but depopulation is in the horse pulling the cart. Many are familiar with the deglobalization idea from the last US presidential administration. The current administration kept those tariffs, and abided by the previ…
I just want to take some issue with your characterization of "with mathematical certainty". You're completely right that given fertility rates are under replacement rate—from memory: 2.1 children per woman—populations will decrease with mathematical certainty. But there is no universal law that developed countries must remain below replacement fertility levels; that's just what has always happened so far —given the c…
A cultural shift just won't occur in the span of a few years and would likely only be possible from the next generation onwards, but by then the damage has already been done. Maybe 50-100 years from now after "the end of the world" mindsets will change and we'll see a big repopulation.
Re: The end of the world is just beginning for shipping
#279This is probably an unpopular opinion: it pains me to see the manufacturing industry decline in the US. I don't really mind paying $300 for a pair of shoes. Yes, it will be expensive, but then I'll just buy fewer pairs. In return, more people get decent jobs, or so I hope. And no, I'm not talking about just the so-called "low-end" manufacturing, but also the high end. Indeed, how can we even grow "high-end" talent if…
I've recently been surprised much better EU manufacturing is doing than US manufacturing. I don't think cost of labor is the only factor at play.
Re: The end of the world is just beginning for shipping
#280Earlier quoted context omitted.
His core arguments focus on geography and demographics, both of which are “hard” problems. Declining populations simply cannot maintain the “grow at all costs” current economic order. Even an advanced country like Japan with plenty of automation and high productivity rates hasn’t see any growth in two decades since its population itself doesn’t grow anymore. Even if you don’t go by his more alarmist arguments, you ha…
The new economic model will be some sort of feudalism, we are starting to see it already.