Children are the producers of the future This means that children are in a sense a necessary economic good. [Update: I mean "good" in the sense of a created product like steel, not in the sense of a positive or negative] A society that does not produce enough children, or that cannot produce enough children who grow into economically productive adults, is doomed to poverty. Every long-term investment we make, whether in the private or public sector, is predicated on the idea that there will be a future generation which will actually produce a return. It doesn't matter what economic or political system rules the present, it will need children to secure its future. Even the most self-centered individual would eventual realize that if the next generation cannot produce, his own welfare will suffer.
Read the rest at Chicagoboyz.
Techorati Tag economics family
No comments:
Post a Comment