Thursday, March 8, 2018

Two-Child Policy Not Working

The Chinese government is desperate to increase the birthrate, but it's just not working. Why? Simply put, economic development and birthrates seemed to be inversely related. As Chinese people become richer, more and more of them are postponing having children to pursue jobs or other opportunities, like graduate study.

Also, speaking from personal experience, I know quite a few women resent the government flip flopping. Just a few years ago, they were coerced into getting abortions. Now they can't go to a Buddhist temple without seeing posters denouncing abortion.

Why does the government want to increase the birthrate? For the same reason Ponzi schemes are always looking for fresh victims. In short, China's pension system. In coming years, government will be forced to reallocate more government money to funding these pensions, as China's population gray. As a result, it will be forced to divert money away from economic development.

To try about combat this looming crisis, the government introduced a Two-Child Policy in 2016. THe birthrate did increase, but not enough. According to a survey conducted by the All-China Women's Federation, more than half of Chinese couples had no interest in having a second child. Simply put, children are expensive to raise in China, especially if you want to educate them properly. Even public schools aren't free. Most charge tuition fees. This isn't exactly kosher, but most schools do it.

A delegate to this year's Two-Sessions meeting in Beijing has suggested instituting a Three-Child Policy. Good luck with that, comrade.

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