DividedContinuity t1_ixa8rjv wrote
Reply to comment by Beli_Mawrr in ‘Without enough Latvians, we won’t be Latvia’: eastern Europe’s shrinking population | Latvia’s population is 30% smaller than it was in 1990 and by 2050 numbers will be in decline in over half of Europe’s 52 countries. by mossadnik
Sounds like socialism. How is private equity supposed to profit off that?
/S
Beli_Mawrr t1_ixa92pb wrote
ya know what's ironic is these population crunches actually are really good for the working class. That's something that's not talked about very much because it's an awkward subject.
VoraciousTrees t1_ixaah1s wrote
I mean, it's that or see society destabilize and collapse as the rich non- workers have to cope with not having a working class providing them services.
MrBIMC t1_ixakh9m wrote
I guess the rich hedge their bets on full automatization to ensure continuation of civilization.
We increasingly rolling into post-scarcity society, the only issue is that most of economic benefits are increasingly funneled towards the top, which makes life unaffordable for the most of society.
World economy and welfare needs a rebalance(as in UBI to provide surviveable baseline for a happy consumer), but I do not see it happening before things get really ugly with 30%+ unemployed.
Flaxinator t1_ixd9ntq wrote
Nah they just bring in people from other countries particularly those few who are still demographically expanding to fill out the working class.
As Canada is looking to do:
YWAK98alum t1_ixcu17h wrote
Private equity can profit handsomely from owning daycares that have a steady stream of government contracts for a vital public function.
It has less opportunity to privatize stay-at-home parenting, though. At least as of now, you can't buy equity or options in a family.
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