Silver as an investment

China Has Finally Ended the One-Child Policy / Joshua Krause / October 30th, 2015

For over 30 years the Chinese government has tried to stem the tide of overpopulation by preventing families from having more than one child. From one perspective, it could be argued that this policy was a success; albeit, it was the kind of success that could only be achieved through horrifying draconian measures, but a success nonetheless. It’s estimated that the policy prevented at least 400 million people from being born (conservatively) between 1980 and 2011.

However, using bureaucracy and brutality to regulate a human right as fundamental as having a child, has had severe consequences for China’s society (gee, who would have thought?). That’s why the Communist partyannounced on Thursday that they are officially ending the one-child policy, after senior party officials discussed the matter during a 4 day meeting in Beijing.

They didn’t have an altruistic reason for doing this though. In fact, their population control apparatus is still in place. The only difference is that now, parents will be able to have two children instead of just one, which was previously only allowed under special circumstances and in some rural provinces. The family planning regulations, the fines, and the forced abortions will all continue. There will just be a little less of it.

The real reason why they are doing this is purely economic. The productive output of a nation is directly related to the number of working age people in the economy, which is rapidly falling. China’s population growth has been declining faster than the government had anticipated, and percentage wise, their population growth is slower than it is in the United States. Now that their economic growth is sputtering, the government is starting to realize that they don’t have much of a future without more children. That basic fact of life may sound obvious to you or me, but then again, we’re not communist bureaucrats.


The post China Has Finally Ended the One-Child Policy appeared first on Silver For The People.