The welfare state is Ponzi scheme and it is breaking.
We are not prepared for the economic consequences of population decline.
Demographer Paul Morland joined me on the pod to explain this.
Full e...
The Ponzi comparison maps onto the dependency ratio, which counts dependents against working-age adults. In the US that grew from a series starting in 1960, and by 2022 the total ratio was about 54 dependents per 100 working-age people, children and retirees combined, so the load per worker really has risen.
👍1