Posts Tagged ‘population bust’
“Anyone who believes exponential growth can go on forever in a finite world is either a madman or an economist”*…
… something that nature seems to know. The population of the world, now roughly 8.1 billion, seems poised to shrink. To some, this is good news; to others, a cause for alarm. Phoebe Arslanagić-Wakefield and Anvar Sarygulov, co-founders of Boom, fall into that latter camp. But their provocative analysis of the dynamics of the Baby Boom is relevant to anyone concerned with the future of population on earth…
… In the countries that it touched, the Baby Boom created generations massive in size. In the US alone, 76 million babies were born in its peak 18 years, 30 million more than were born in the previous 18, a demographic difference bigger than the 1960 population of Egypt, the Philippines, or Ethiopia. By 1965, people born during the Baby Boom made up 40 percent of America’s population.
Today, a fifth of both the UK’s and the USA’s population are baby boomers and we live in the world they created. Despite that, as mentioned above, the most widely known piece of information about the Boom is its most pervasive myth, that it was caused by the end of World War Two.
The Baby Boom was not the result of people making up for lost time during the war: it saw total lifetime fertility rates rise, meaning that people did not simply shift when they had their children but had more of them overall. And in many countries, including the US, UK, Sweden and France, the rise in birth rates began years before the war had even started, while neutral Ireland and Switzerland experienced Booms that began during the war, in 1940.
Instead, to explain the Baby Boom, we must consider why it was that the iron law of fertility – that as incomes go up, births must come down – was suspended for this extraordinary period of time…
Fascinating and important: “Understanding the Baby Boom,” from @PMArslanagic and @ASarygulov.
By way of further background on our current situation: “Population bomb, bust – or boon? New UNFPA report debunks 8 myths about a world of 8 billion.“
[image above: source]
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As we grapple with growth, we might send hygienic birthday greetings to Melville Bissell; he was born on this date in 1843. An inventor and entrepreneur, he created and marketed the first modern carpet sweeper… which, as explained in the article featured above, was a seminal contribution to the advances in household technology that helped fuel the Baby Boom.
“What goes up must come down”*…
For most of human history, the world’s population grew so slowly that for most people alive, it would have felt static. Between the year 1 and 1700, the human population went from about 200 million to about 600 million; by 1800, it had barely hit one billion. Then, the population exploded, first in the United Kingdom and the United States, next in much of the rest of Europe, and eventually in Asia. By the late 1920s, it had hit two billion. It reached three billion around 1960 and then four billion around 1975. It has nearly doubled since then. There are now some 7.6 billion people living on the planet.
Just as much of the world has come to see rapid population growth as normal and expected, the trends are shifting again, this time into reverse. Most parts of the world are witnessing sharp and sudden contractions in either birthrates or absolute population. The only thing preventing the population in many countries from shrinking more quickly is that death rates are also falling, because people everywhere are living longer. These oscillations are not easy for any society to manage…
Demographic decline– the end of capitalism as we know it? “The Population Bust.”
See also: “UN world population report predicts slowing growth rate, 10.9 billion peak by 2100” (source of the image above) and The Rise and Fall of Nations: Forces of Change in a Post-Crisis World, by Ruchir Sharma.
* Isaac Newton
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As we ponder population, we might recall that it was on this date in 1845 that the first issue of Scientific American was published. Founded as a weekly by painter and inventor Rufus M. Porter, as a four-page weekly newspaper, its early emphasis was on a broad range of inventions ranging from perpetual motion machines, through an 1860 device for buoying vessels (created by Abraham Lincoln), to the universal joint which now can be found in nearly every automobile manufactured. It became the somewhat more substantial monthly publication that we know and love when,in 1948, three partners (publisher Gerard Piel, editor Dennis Flanagan, and general manager Donald H. Miller, Jr) who were planning on starting a new popular science magazine, to be called The Sciences, purchased the assets of the then century-old Scientific American instead and put its name on the designs they had created for their new magazine.
The first issue of Scientific American
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