Newfie wrote:Population is still increasing, and much faster (less drop) than was predicted just a few years ago by the UN.
Global population will continue to increase until the global rate falls below replacement, I didn't say it wouldn't, so that is a strawman.
The UN revises their africa guess routinely because they
routinely guess wrong. It would be nice if you used citations so we are talking about the same thing.
But maybe the UN is just as wrong on everything as they are wrong on Africa:
Global population growth may peak sooner than expected if the lot of women continues to improve, according to a study that says the world’s population could be 2 billion below UN forecasts by the end of the century.
...The world’s population will peak at 9.7 billion in 2064 and decline to 8.8 billion by the end of the century, according to research led by the University of Washington in the US and published in the Lancet.
It says some countries, including Japan, Spain and Italy, will see their populations halve, while sub-Saharan Africa’s population will triple in the next 80 years.
https://www.theguardian.com/world/2020/ ... y-suggests
And I know you like Limits:
Jørgen Randers, one of the authors of the seminal 1972 long-term simulations in The Limits to Growth, offered an alternative scenario in a 2012 book, arguing that traditional projections insufficiently take into account the downward impact of global urbanization on fertility. Randers' "most likely scenario" predicts a peak in the world population in the early 2040s at about 8.1 billion people, followed by decline.[28]
https://en.wikipedia.org/wiki/J%C3%B8rgen_Randers
To get back to my original point, degrowth is going to happen because depopulation is going to happen. That isn't a question. It is in a fact happening in the US right now:
The TFR has declined in the United States from 3.5 births per woman at its peak in the 1950s to a record low of 1.71 in 2019.
...A major new study published in the Lancet projects that the TFR will continue to fall in virtually all nations around the world and that it will stay far below the replacement rate in most advanced economies, including the United States. The authors project that the intermediate, “reference scenario”
birth rate in the United States for the rest of this century will be 1.53, far below the assumptions of the OASDI trustees, the Census Bureau, CBO, or the Population Division. The lower-range TFR estimate by the authors for the Population Division is 1.40 births per woman, a rate already breached on the downside by such major economies as Germany, Italy, Japan, South Korea, Spain, and Taiwan.
..According to the [United Nations], 27 countries or areas have already experienced population declines since 2010, most notably Japan. That number will increase to an estimated
55 by 2050, including China. Australia, Canada, and the United Stateshttps://www.mercatus.org/publications/t ... %80%932000.
So again, my point is the die-off is well underway, and people need to adjust their thinking, or not I guess.
People are growing old and dying and not being replaced. Degrowth aka recession, depression, deflation is either arriving soon or already here so its advocates should rejoice!
I'd say prepare for deflation, asset decline, a slowing of the "velocity of money" which is where people hold on to whatever cash they have because it is getting more valuable as their homes, stocks, bonds whatever, gets less so. The only thing preventing it now is unlimited printing and 0% interest.

The legitimate object of government, is to do for a community of people, whatever they need to have done, but can not do, at all, or can not, so well do, for themselves -- in their separate, and individual capacities.
-- Abraham Lincoln, Fragment on Government (July 1, 1854)