Interestingly, a friend linked this (Is Population Growth a Ponzi scheme?) on Facebook. Some key excerpts:

The basic pitch of those promoting Ponzi demography is straightforward and intoxicating in its pro-population growth appeal: “more is better”.

According to Ponzi demography, population growth- through natural increase and immigration – means more people leading to increased demands for goods and services, more material consumption, more borrowing, more on crefit and of course more profits. Everything seems fantastic for a while – but like all Ponzi schemes, Ponzi demography is unsustainable.

 

When the bubble eventually bursts and the economy sours, the scheme spirals downward with higher unemployment, depressed wages, falling incomes, more people sinking into debt, more homeless families – and more men, women and children on public assistance.

There’s much more in the link, so do read the full thing for those with interest in the matter. The social costs in Singapore’s case won’t be quite the same since in Singapore, ‘Welfare’ is a dirty word. In that case, expect the social costs of such a scenario to come in the form of social tensions and crime, which might lead the government of the day to declare that they need a bigger budget. Anyhow, that’s a far off in the future thing.

Lucky Tan also has his take on the matter (link). Of course, the big deal about all this comes after MM Lee’s comments at a NTU symposium which suspiciously came on the heels of the MSM’s report on the IPS study on Net migration and Total Fertility Ratios.

Anyway, the fundamental problem I see is this is a clash of ideals: Rising tide lifts all boats VS. Our society matters.

I say the trick is in finding a delicate balance between the two.

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