In most countries, workforce numbers are leveling off or falling, leading to potentially devastating economic effects. Is it possible that technology will save us, either by improving birth rates or reducing the economic damage? For example, can robots and automation replace the missing workers? Glenn Campbell says the answer is no. Robots can do some of the work previously done by humans, but that won't pay taxes or power the economy.
Glenn Campbell recalls his recent visit to Bulgaria, the world's fastest shrinking country. Since the fall of Communism, Bulgaria's population has dropped by 1/5th, from 9 million to 7 million. The loss is felt mainly in the countryside, where there are many abandonned buildings to explore. Urban areas like the capital Sofia continue to remain vibrant, due to a phenomenon Glenn calls "the Grand Hotel Syndrome": When a large hotel loses guests, management closes off wings and floors.
Glenn Campbell predicts that the next worldwide recession will be the biggest any of us has experienced, due to both debt and demography. Worldwide debt is the highest it has ever been—far larger than can possibly be paid off. Simultaneously, population growth and GDP are slowing in most countries. Citizens are aging, at greater cost to the government, while the number of new workers is dwindling. This can only result in a deep and lasting crash causing widespread disruption.
Ultra-Orthodox jews, rejecting modern values, are exploding in numbers and threatening to turn the country into a theocracy. The fertility for women in this sect is 6.2 babies per woman, compared to roughly 3 for the rest of the country. This birth rate is equivalent to a deeply impoverished country like Nigeria, but with virtually no child mortality. Recalling his own visits to Israel, Glenn Campbell describes the Haradim and why they pose a threat to the long-term survival of Israel.
Glenn Campbell addresses a dubious "solution" to the world's population problems. If some countries have too many babies and others don't have enough, why can't we transport the extra babies from one to the other? (Recorded 23 Sept 2019.)
Demographic Doomster Glenn Campbell summarizes his main theses in his Demographic Doom project: (1) The world is heading for a massing economic collapse, (2) The quality of population is deteriorating due to the fact that the most talented individuals are not having babies, and (3) the best way to address these long-term issues is to redesign the family. Glenn describes a proposed "modular family" that he says will raise children better and more efficiently than the current nuclear family.