Be Fruitful and Multiply Capitalism: Children as Economic Items

According to a recent online article in U.S. News and World Report, “… one of the great strengths of the U.S. economy, especially compared to Europe and Japan, is a relatively high birth rate.” This statement is pretty clear:  procreation equates to production. Thus, why–or rather, for whom—could birthrate be a problem? Isn’t the angst about fertility hiding the real difficulties faced by population?

Is a falling birthrate a big problem?

Others in the media have also warned that if women don’t have higher numbers of children, the economy could suffer. New York Times columnist Ross Douthat compared the decreasing American birthrate to France’s higher one: “America has no real family policy to speak of at the moment, and the evidence from countries like Sweden and France suggests that reducing the ever-rising cost of having kids can help fertility rates rebound.” But while benefits such the ones in France obviously could help those rates rebound, they aren’t the key to economic growth. [Read more...]