Economy: 2012 Archives
Where is America headed? Populations are plummeting worldwide as women are bearing fewer and fewer children. The future of government retirement programs are in jeopardy because there won't be enough workers to support those who have retired.
Until recently, it was thought that the U.S. was immune from this problem. However, recent data shows that birth rates in all ethnic groups in the U.S. have dropped sharply to well below "replacement rate," the rate needed to keep the population stable.
There are various reasons for this: Higher education for many causing a delay in marriage and child-bearing and personal decisions against marriage and children being among the most prominent. Professor Robert George of Princeton believes that
"limited government “cannot be maintained where the marriage culture collapses and families fail to form or easily dissolve. Where these things happen, the health, education, and welfare functions of the family will have to be undertaken by someone, or some institution, and that will sooner or later be the government.” Marriage is what makes the entire Western project—liberalism, the dignity of the human person, the free market, and the limited, democratic state—possible.
“The two greatest institutions ever devised for lifting people out of poverty and enabling them to live in dignity are the market economy and the institution of marriage. These institutions will, in the end, stand or fall together.”
Will people care enough about the future of mankind to change their habits when the culture in which they live are pushing them in the opposite direction, towards "now" and self indulgence?
The article by Jonathan Last addressing these issues is a must-read.
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