Impact of Population Decline on Economy

I could argue in the developed countries the big winners are countries that

have shrinking populations.

That's something that most people never talked about.

You know we always used to think shrinking population is a cause

for negative growth.

But in my conversations with the leadership of these large developed countries that

have xenophobic immigration policies.

They don't allow anybody to come in.

Shrinking unemployment, excuse me, tricky demographics.

These countries will rapidly develop robotics and AI and technology.

And if the promise, I didn't say it's going to happen,

but if the promise of all that transforms productivity,

which most of us think it will,

we'll be able to elevate the standard of living of countries,

the standard living of individuals, even with shrinking populations.

And so the paradigm of negative population growth is going to be changing.

And the social problems that one will have in substituting humans for machines

is going to be far easier

in those countries that have declining populations.

And so for those countries that have rising populations,

the answer will be education and so rapidly develop.

You know for those countries that do not have a foundation of rule of law or

education, they're going to be left,

that's where the divide is going to get more and more extreme.