This is a fallacy. If each person were resonsible for their own pension (IRAs, 401Ks, etc.) then each individual could invest their capital where the workers are -- be it in the United States or elsewhere -- that will provide a fair return on their investment.
you missed it.
You won’t invest in an area of the world where there are people but your investment isn’t safe through good and enforceable laws.
The countries that have enforceable laws to protect your money aren’t having kids.
You say I’ll put my money where I want to but you won’t choose a place like North Korea would you? How about Cambodia? Cuba?
The safest areas are those where children are becoming a rarity.
That’s the sad thing. We lost our faith, we quit having kids. There won’t be a Russia in 2050, they have a negative birthrate.
The west turned it’s back on God and God isn’t one to tap you on the shoulder.
You just rephrased what you quoted. It doesn’t matter whether it’s the government or the individual doing the investing if there is no younger generation to invest in.
Currently the places that still have positive birthrates are communists (famous for their respect of private property) and muslim (also famous respectors of rights and freedoms).
Think your savings will be safe with them?
An excellent article, but with one glaring problem: “To break the vicious circle, America needs to find productive young people to whom to lend.”
Debt is not necessarily a good way to develop wealth. And the culture is changing. We’re slowly but surely rejecting debt as a lifestyle.