Re:South Korea: The only middle power of its kind
by Retric on Tuesday August 03, 2021 @01:19PM
(#28051742)
Yes, similarly retiree savings isn’t limited to your economy. A country could have a continuous stream of goods imported that’s supported by past investments, which is more or less the goal of sovereign wealth funds.
However, it requires great long term management making the system overall less stable.
For the developed world, where a lot of the wealth coming in is capital returns from global corps whose ability to generate wealth isn’t constrained by local population size, that just means you need to tap that more effectively. It’s a problem for the payroll tax model of social support funding, perhaps, but unless you are emotionally attached to that model, I don't see that as a big cost.