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Video Description
What if the real rulers are simply the old? In this class, Professor Jiang argues that the West’s troubles — costly housing, mass immigration, endless debt, even assisted dying — all bend toward one group: wealthy pensioners. They own the houses, hold the stocks, and stay comfortable while the young fight their wars. It is a sharp look at who truly benefits when a society grows old.
Full Video Transcript
So good afternoon class. Today we do death by gerontocracy. Gerontocracy just means rule by old people.
Last class we discussed the decline of western society and civilization and what’s happening.
We discussed the theories. Today we will look at what the reality on the ground is, what the actual trends are,
what are the concrete examples of decline in the western world.
All right, so let me start with this young man.
His name is Axel Rudakubana, and he was 17 years old when last year he took a knife
and he walks into a dance studio in Southport, Britain.
And then he proceeds to stab the little girls inside the dance studio.
And they are five, six, seven.
He kills three of them.
He is quickly arrested by the police and as you can see he is a very disturbed young man.
He clearly has a mental illness otherwise why would he go kill children?
And he was sentenced to 52 years behind bars.
So he’s going to spend the rest of his life in prison.
So justice was done.
What happens next is that all throughout Britain there are riots and protests.
What happened was that rumors started to spread online about the attack.
They claimed that the young man was an asylum seeker, an immigrant.
And because there are too many immigrants coming to England, everyone’s safety is at
stake.
So as you can see, these protests were extremely heated.
were extremists they were anti-immigrant and ultimately it led to violence
between the police and the protesters and this is happening all throughout
Britain last summer the country of England burned basically literally
burned okay so these protesters were setting cars on fire and they were
targeting immigrants in Britain remember that this 17 year old boy he’s actually
not an immigrant he was born in Wales to parents who are from Rwanda okay so he
is a British citizen as you can see the men who participated in a protest um
they’re not sad about what they’re doing they feel virtuous they feel righteous
They feel proud for protecting their people against immigrants.
So the question for us today is, why is this happening?
Why are all these civil conflicts caused by immigration throughout the Western world?
So this is happening in Britain, but as you know, immigration in the United States led
to the victory of Donald Trump in last year’s elections in the United States.
A lot of conflict comes from the fact that immigration is happening too fast in the Western world.
So after COVID, you see this large spike in immigrants.
The other issue is that most of these immigrants are coming from countries in the Middle East, in Africa, in East Asia.
So it’s clear that these people are different from you.
Okay, so before there might have been a lot of EU, European immigrants, but now it’s just mainly countries outside of Europe.
So the British people feel as though they’re being invaded by foreigners.
The changes, demographic changes to British society are stark.
So the, I’m not sure if you can see this clearly, okay, but like the dark brown are places where in the past 5, 10 years,
the immigrant population has tripled has tripled three times okay and as you can see there are
quite a few pockets where immigrant immigration is sort of overwhelming the local population
so if you go to britain there are some places where you feel this is like morocco or this or
this is like ronda or maybe even uh egypt okay so the british people feel they’re under siege
and this is happening throughout the western world so this is australia okay so australia after
covid huge spike in immigration and most of them are coming from non-european countries so the
greatest spike is in india but then you also have china and the philippines as well these are the
three major sources of immigrants to australia okay same is happening in france where you’re
seeing a huge spike in immigration and again most of the immigrants are coming from african or
middle eastern countries and so the french feel as though their culture is being diluted it’s being
attacked and invaded this happened all throughout western europe the uk france italy and germany
are seeing a huge spike in immigrants in refugees and so their culture feels threatened what these
What’s also happening is a huge spike in inflation.
So there’s something called the CPI, the Consumer Price Index,
which is measuring the price of basic goods like food and shelter.
And as you can see, there’s a huge spike in prices.
So as these immigrants are coming into your country,
you also feel as though your quality of life is getting worse and worse.
It’s getting harder for you to afford basic goods.
like rent and food.
It’s getting harder for you to support your family.
The major increase is in housing prices.
Okay, so Canada these past five years
has seen a huge influx of immigrants
and this has caused housing prices to skyrocket.
The United States, which has a much larger economy
than Canada, the housing prices are pretty stable.
You can still afford to buy a house
if you’re a young person in the United States,
not in Canada, okay?
You see this huge spike in Canada.
The housing prices are now unaffordable.
This is a chart that shows you economic growth
as compared to housing prices.
So as you can see in the United States,
housing prices, there’s a correlation
between income and housing prices.
This is pretty reasonable.
In Canada, it is not reasonable, okay?
So GDP, housing prices is growing like this,
but housing prices is just skyrocketing.
And that’s why Canadians feel as though
the Canadian dream of one day having their own house.
It’s basically dead.
So, one strange thing is that
as Canada lets in more immigrants,
and as property prices go up,
you would think that they would build more and more houses.
But as you can see, housing supply, okay,
housing supply, it’s pretty flat,
even though immigration is going up.
Does anyone know why this would be the case?
Why is it that you have a policy of letting in more immigrants,
but you don’t have a policy of building more housing for them?
That’s kind of strange, right?
Does anyone, can anyone guess why that would be the case?
Yeah?
Sorry, can you speak in the microphone?
Thank you.
Okay, maybe they want to make sure that the housing’s not affordable, maybe,
because they want to make more money.
Because now there’s more competition for housing.
Definitely.
As you said, the prices of housing was going skyrocketing.
and people would make more money.
Like people who provide the housings
would naturally real estate people make more money, I guess.
Yeah, that’s exactly correct, okay?
So policy is not being controlled
by what’s best for the nation and the people.
It’s controlled by vested interests
that will make money off the process, right?
So as you say, real estate developers
can make money off this process,
but the people who benefit the most
are actually property owners, right?
So if you already have a house,
If the supply is constant but the demand goes up,
then you know from economic class
that the value of a house increases artificially.
So it’s making homeowners very happy, okay?
And that’s why you have this crisis in Canada.
The other issue that’s really problematic
in the Western world is that as the number
of immigrants goes up, native people,
the native population, they’re not having children, okay?
So this is Canada where the birth rate,
Okay, the blue is the birth rate, okay?
It’s steadily going down, whereas immigrants are going up.
So it’s the immigrants who provide
most of the new people in Canada.
In fact, right now, 25%, a quarter of all Canadians
are first-generation immigrants.
Sorry, first-generation Canadians,
meaning that they’re immigrants to the country.
And if you just look at this trend
in 40 years’ time, 50 years’ time,
there’d be very few white Canadians in Canada.
And this is causing a lot of conflict
and tension in the country.
So you have these huge issues.
Housing is unaffordable.
Inflation is going up.
Ethnic tensions are increasing.
But the Canadian government still insists
on increasing the number of immigrants in the country.
There’s no policy rollback where they’re like,
know what let’s have a moratorium um clearly our policy it’s too rapid and we need to slow things
down in fact as you can see they’re actually going to wrap up the process the goal for canada right
now canadian population population is about 35 to 40 million people they want a hundred million
people 100 million people in canada by the year 2100 and guess what the majority of these people
are going to come from india and probably china okay and as we discussed the percentage of
immigrants as part of the total population it’s just rapidly increasing so australia it’s almost
a third now in canada it’s a quarter in germany it’s a fifth and these percentages will go up
and up and up leading to more and greater ethnic tension and immigrant protests within these
countries as you can see uh the number of immigrants come from india far surpasses that
of other countries okay and these are just legal immigrants we’re not counting in students so there
are millions and millions of indian students right now in canada on student visas and they’re looking
for a path to permanent residency to citizenship and that’s what leads to situations like this
okay you have these viral videos online where you have thousands and thousands of indian students
lining up for hours and hours because they’re applying for a minimum wage job at a restaurant
or at a store life for these indian students is just terrible a lot of them live eight to a room
okay there’s one room that was meant for one person there are now eight students living in
that room. At the same time, what’s really interesting is that the Indians are now
an extremely powerful political force in Canada. This was the former Prime Minister
Justin Trudeau meeting with representatives of the Indian community
because he depends on them for his votes. In last year’s federal election, 22 Indian
people of Indian descent were elected to Parliament okay so in Parliament there’s
243 seats 22 of them now are Indian how many Chinese how many MPs of Chinese
origin there are less than 10 so even though the Chinese have been there
longer and even though they actually the more numerous Chinese than Indians the
Indians are extremely powerful political force a lot of it is because Indians
come from democracy, so they’re very good at debate, they’re very good at organizing,
they’re very good at collective action, and that’s what leads them to excel in the Canadian political system.
At the same time, we can imagine that if current trends continue,
if the immigrant population from India increases, and if the Indians continue to amass more and more political power,
there could be a situation where the Indians take over the Canadian government
in like 20 or 40 years time so there’s a real risk that in Canada that their native population
gets replaced by the Indians and this is happening elsewhere as well yes a question
like the other Indian immigrants that you have mentioned like it took a part of the Canadian
population how about the like having the risk of aliens took over canadian but how about the
people that is local in canadian how are they doing right now because we are all focusing on
immigrants right okay that’s a great question okay so immigrants are suffering but actually
the local population is something even more because as we discussed the last class the
the economy is declining and it’s pretty rapid decline.
So it’s harder for young people to find jobs,
especially with immigrants coming into the country, right?
Prices are very expensive nowadays,
so it’s very hard for young people
to live and work in big cities.
So as these immigrants are coming into the country,
they’re putting tremendous pressure on the local population
and that’s why there’s so much ethnic tension
throughout the Western world right now, okay?
So this leads us to a paradox.
If immigrants are making life worse for everyone,
especially young people, who’s the future of these nations,
why is this happening, okay?
So I want you guys to keep this in the back of your mind.
You probably know the answer already
because you know how property prices work, right?
Okay, so let’s move on to another topic.
So Canada, like 10 years ago,
introduced a new policy called MAID,
called medical assistance in dying euthanasia and the idea here is that if you feel life
is meaningless if you’re depressed if you feel that you cannot cure your disease the
government will help you kill yourself the government will let you die now the big question
then is yeah but 25 years ago this was illegal in the world right you suicide was you was
illegal if you help someone kill himself you’ll be put in prison this would be
basically murder so what’s the difference between suicide and the
government helping you kill yourself well there really isn’t okay but the
government says there is a difference okay so this is a brochure from the
government from the Canadian government explaining why suicide is bad okay
suicide is bad but suicide by government is good okay and it’s really stupid it’s
disgusting stupid it’s disgustingly stupid okay what they say is that if you do suicide well you
do it alone and you shock your friends and family but if you do maid then everyone knows you’re
killing yourself and so they won’t be so sad when you die right if you kill yourself you might screw
it up but if the government does it for you you won’t screw it up because it’s it’s being
facilitated by professionals who know what they’re doing all right if you think this is stupid
there’s more stupidity to come all right and what this tells us is we discussed this last class is
one major sign of decline in society is the over frequentization of society where the government
interferes in everything okay um this is the number absolute number of deaths from euthanasia
in canada as you can see in 2016 it started at about a thousand but 2021 it’s at 10 000 okay
so the numbers are going up really rapidly why well because if you want to kill yourself they
won’t stop you this is the number of days required to be approved for suicide as you can see in the
netherlands sorry this is oregon actually this is oregon united states okay the number of days have
have been going down.
But it’s still like at most a month, okay?
In Canada, they’ll do it in like 10 days for you.
They won’t even think about it.
They’re like, you want to cure yourself?
Do it, man.
Good for you.
Good choice.
Doctors have been trained to not do any harm, right?
Well, and death ought to be the last resort.
But in Canada, death is now the first resort.
If you go to a doctor and say, I want to die,
the doctor will say, sure, let’s do it, man.
That’s pretty disgusting.
All right, why are people killing the,
so if you see, the number of approval rates
have been going way up.
It seems as though they have a quota to fill.
This is 2019, only 75% were approved.
Now it’s 81%.
It’s almost like they have a quota.
They’re trying to kill as many people as possible, right?
As you can see, this number is the percentage of people
who die because of euthanasia.
This is the Netherlands, which for the longest time
had a very open policy when it comes to euthanasia.
And yeah, it’s going up, but this huge spike is Canada.
Okay, it seems as though Canada’s in a rush
to kill as many people as possible.
So who’s dying?
Yeah, do you have a question?
So the suicide of Canada is not euthanasia?
Is that also a type of euthanasia?
No, no, no, okay.
All right, so suicide is when you kill yourself.
Euthanasia is when a doctor helps you cure yourself.
Euthanasia means good death.
It means like you will die painlessly, okay?
No, no, no, okay.
Euthanasia is suicide by government, okay?
All right, so why are people dying?
Well, a lot of them, as you can see,
most is actually from cancer.
Now, what’s interesting about cancer is
that it’s the most expensive disease to treat, right?
Well, that’s interesting.
And a lot of cancer, it’s not, it’s not,
it’s pretty painful, but it’s not terminal.
You can still live with cancer, right?
So it seems as though people with cancer
are being encouraged to die
because they’re a burden on the system,
which means who’s dying?
Who’s dying here?
It’s poor people who are dying, right?
That’s pretty obvious.
And this is even more interesting, okay?
This is the most disgusting part.
If the government were to prove your death,
you would think that there’d be a rigorous process, right?
It would be the last option.
But let’s understand why people are killing themselves.
And there are two main reasons.
The first major reason is loss of ability
to engage in meaningful activities.
It’s because you’re not happy.
This is a lame reason to kill yourself, okay?
Also, loss of ability to perform activities of daily living.
It’s harder for you to go buy groceries.
It’s harder for you to walk around, okay?
So again, what’s happening is that poor people are dying
and poor people are encouraged to kill themselves
because the poor are being a burden on the medical system.
And that’s the entire basis of euthanasia.
So let me ask you this question.
Why is it that 25 years ago, we discouraged euthanasia?
In fact, it would be legal to conduct euthanasia,
even if the person was suffering from brain cancer
and the person was just basically in hell every day,
the government would not allow euthanasia.
Why not?
Yeah?
Maybe because it was harder to regulate
the procedures to take for euthanasia.
And because it was such a new thing,
you have no control over what the companies
who provide the service do,
or what they do to their patients.
I wouldn’t even say patients,
but people who purchase their services,
and also all…
Because, again, it’s such a novel thing.
The procedures involved, the medical companies involved,
maybe, what may be, to me, loopholes.
And it was, if I was the government,
I’d consider that as a potential danger,
as something that may be disturbing
to this current system.
OK, all right.
Yeah, that’s a very interesting answer, OK?
What it tells me is that the society you live in
is very different from the society I grew up in, OK?
Because 25 years ago, when I was younger,
we were taught that every life matters.
Every life is a gift from God.
And in society, we have to protect everyone,
especially the poor, the vulnerable, and the marginalized.
Because that’s how we come together as a society.
If we just let anyone die,
then how do you know that you’ll be protected, right?
So what mattered back then was about social cohesion,
social capital, social trust.
now what matters is just numbers how much does this cost me how much revenue will this generate
okay so that’s the difference in the world today before we cared about social cohesion we care
about morality nowadays it’s all just money money money um and this is interesting for us okay
another sign of decline is growing financialization we talked about this last class
right well guess what’s happening in the star markets throughout the world it’s booming okay
okay it’s booming if you’re a rich person you’re getting richer and richer ten percent of the
population owns nine percent of the stocks in america okay so this is an indicator of how
wealthy the rich have become in the past 20 years in the year 2008 um if you bought amazon you would
buy for seven dollars now it’s like three hundred dollars okay so that just shows you how wealthy
the rich have become due to government policies at the same time we talked about this last class
productivity real economy the amount of work you you do it’s going way down so we have this absurd
situation where the fake economy the financial economy it’s going way up but the real economy
of jobs of people doing work of being productive it’s going way down okay meaning that we live in
a fake world and the government responds by lying to people okay people know their lives suck people
know that basically the economy is in a recession that’s what the facts say the government but and
what does the government do well the government says that oh it’s not really recession what it
really is is a state of transition transition okay this is what we call gaslighting this is bleeding
gaslighting rather than just say you know what the economy is in trouble and we feel your pain
and we’re going to work hard to solve the problem they’re telling you no no no it’s not black it’s
white guys you’re lying your eyes they’re lying to you don’t you see you’re not seeing clearly get
new glasses and you your life will be a lot better that’s like literally what they’re telling you um
debt right we talked about this last class as well this is us debt you can see how the debt is just
booming okay so up in the year until the year 1980 for 200 years america’s existence there was very
little debt now look at this okay america right now is 37 trillion dollars in debt that’s the
government okay the people with the credit card debt with the mortgages they owe 17 trillion
dollars they’re never paying that off so basically the middle class in america it’s finished okay the
the government has no more resources this is what the client looks like um no one’s having children
anymore okay so the world sucks and young people are like screw this i’m not having kids and this
is happening throughout the world canada is selling its resources to outside investors okay
so oil is a big resource as you can see a lot of the big players in canada are actually american
or overseas when it says canada it usually means british people so canadians don’t even own their
own resources anymore so let’s summarize what we’ve learned today okay let’s look at the signs
of western decline you’ve got higher property prices this happened throughout the western world
inflation and lower quality of life higher stock market valuations which means greater inequality
less real economic growth less and less people are doing real jobs euthanasia for the poor just
killing off the poor people. Mass immigration, population replacement, lower birth rate,
greater public and private debt, bureaucratic gaslighting. When the government no longer
acknowledges problems, it just lies to you directly. And privatization, asset stripping,
okay? So all this is happening in the Western world. The question now is, why would this happen?
And there are different theories, okay? And we’ll go over some of the major theories. There’s lots
and lots of theories. We’ll go over the major ones. And there’s going to be overlap between
these theories and um some of these theories make a lot of sense okay so one major theory is idea of
neoliberalism the idea of neoliberalism is the belief that all that matters in society all that
matters in life is economic growth if your society can generate more economic growth all problems
will be solved okay so so if your economy runs really fast then everyone will be happy that’s
the idea of neoliberalism then you have techno-feudalism which is the idea that some big
Big corporations, usually these tech companies,
they want to control the world.
And so they want to turn everyone into slaves.
And if you don’t have a house,
you don’t have your own property,
then you can be controlled by these companies, okay?
Technofuturism.
World government, where the United Nations
has this conspiracy to control the entire world,
to destroy national sovereignty
and create a world unified government, okay?
Population replacement theory.
And the idea here is that the problem
for governments in the Western world
is that white people are opinionated.
They believe in democracy.
They believe in freedom.
And they’re hard to control.
So let’s replace the white people with Chinese
and Indians and Filipinos
because Asian people are more obedient, right?
That’s the idea.
And again, these are just theories.
I’m not saying they’re right or wrong, okay?
And we’ll go into these theories later on this semester.
Now, the last reason is bureaucratic incompetence.
Just the government is just stupid, okay?
Now, there is may overlap among these theories
and there’s some validity to all these theories.
But what I want to show you is that
there’s actually a much better way to analyze this.
Whenever you have a problem,
you always ask yourself, who benefits?
Who is benefiting from this, right?
So when we’re talking about housing prices,
well, clearly property owners
are benefiting from this, right?
So if we took all the groups, okay?
and there’s like millions of different groups in society.
We just analyze who benefits from all these trends
that we discuss.
The answer you would get is rich pensioners.
These are the people who benefit the most from these trends.
And therefore, we can suspect
that they’re the ones behind these trends, okay?
So let’s go over them.
Property prices make sense, right?
Because they’re old, they have houses.
They probably have two or three houses.
So they want to see the property prices go up.
Higher stock market valuations make sense
because they own the most stocks.
Unification for the poor makes sense because they want good medical care.
If poor people are standing in line, that’s a problem for them, right?
So just kill the poor people and they’ll have better access to health care, right?
If that frees up the health care system.
Mass immigration means cheap labor.
If they’re old, they’re 70 or 80 years old, they need gardeners.
They need cooks.
They need nurses, right?
Immigrants.
Do you guys want to be gardeners and cooks and laborers?
You don’t want to be, so we have to bring in immigrants.
And everything else, okay?
inflation, eminent growth, lower birth rate, gas lending, it doesn’t really affect them.
Doesn’t make sense. So all these trends, some of them are really good for these pensioners and the
rest doesn’t really affect the pensioners. And that’s why we can assume for analysis,
that’s the rich pensioners who are most responsible for what’s going on.
Does it make sense to you guys? All right. So how can we understand this?
well the problem that we’re facing is never in human history have we had so many old rich people
before okay and you can see these trends where in the year 1900 people who are 75 and older were
just a small fraction of society we can see how fast they’re growing okay 60 over 60 years old
really growing really fast there’s a problem because if they keep on if they keep on living
they accumulate more and more resources which creates a lot more inequality now i’m not saying
that all old people are rich in fact that’s not the case if you just look at statistics you will
find that wealth is pretty much evenly disputed distributed among demographics okay so there are
young people with a lot of money but there are more old people with money okay so there and
there are lots and lots of old people the purple or old people who are poor i’m not saying that
old people are the problem saying that old rich people are the problem their problem because they
want their pensions the pension systems in all societies made assumptions about old people the
major assumption that they made is that old people would die right so for example in canada when they
first created the pension system the retirement age was 65 and they expected people to die when
they’re 72. so you have five to seven years of a good pension okay guess what guys they’re not
dying right and that creates a huge problem with your pension plan and you can see how these
liabilities are going up over time uh these are teachers and as you can see the liabilities are
going way up why is this happening it’s happening because it’s called assumption changes okay so two
assumptions are being made first is that old people will die well they’re not dying the other
assumption is that if you put money in the stock market it will oh it will year by year improve
right the problem is that there’s volatility in the stock market it goes up and goes down
and the smart people make money off dumb people guess what guys okay i’m gonna ask you a question
in finance where do the dumbest people work you guys know in finance the dumbest people work where
they work in pension funds why because it’s a boring job you just sit there and do nothing
all day so these pension funds are constantly getting ripped off from investment banks where
the smart people are okay so if you look at all investment vehicles pension funds have lost the
most money and this has created huge issues within government pension funds throughout the world
okay so as you can see there’s volatility in returns in the pension fund okay when you put
the money in the returns will differ year by year and that screws up your model if you’re a young
person do not put money in the pension fund why because the value of the pension fund is going
drastically down when you grow up when you mature and you retire guess what guys there’s no money
in the pension fund for you because all that money is gone why because there are too many retirees
and not enough workers all right so back in the year 2001 you had a problem you had 7.6 uh retirees
for every 12.7 workers this is you basically the ideal is one to three so one pensioner three
workers that’s a healthy pension system now you have more pensioners okay then you have workers
this is a huge problem these pensions will all go bankrupt in five to ten years time at the same
time as i said old people are not dying in fact old people are coming to dominate society this
is america you can see how people are who are 85 and older whoa look at this look at this the aging
crisis in america is huge but this is it’s not just america it’s everywhere right so by the year
2040 you have 65 million people in america who are over 65. you have 15 million americans who are 85
and guess what these 15 americans most of them are the ones who control america so they dictate
policy and again this is happening throughout the world okay it’s particularly stark in japan
and germany but it’s happening throughout the world and this leads us to the idea of
gerontocracy okay this is joe biden president united states and this is mitch mcconnell who
is head of the senate uh they’re both retired now okay but they’re both in their 80s and they were
the two most powerful men in america he can’t walk straight okay whenever he walks he trips
this guy is even worse because look at this the guy’s brain dead the guy is literally brain dead
in public okay he’ll be like and like no matter what you do he’s like this is brain dead okay
the guys this is a brain freeze the guy should not be one of the most powerful men in america
but he is that’s the world we live in because he will not give up power this is diane feinstein
she died in office she was 90 years old she was 90 years old and she was still working and she died
in her office and she was a senator in the united states these people are literally fighting for
life okay they refuse to give up power you they only give up power if they die this is a us senate
again the most powerful political institution in america these are people who are above the
standard retirement age which is 62 okay this guy’s 90 years old and he’s still working 90
years old and he’s still working in the senate and he doesn’t want to retire chuck grassley
what does it mean to have a world run by old people now maybe in school maybe you’ve been
maybe at home you’ve been taught that old people are wise they’re tolerant they’re generous
they’re benevolent no no no guys no the difference between these three generations
young mature and elderly are pretty stark you’re young you’re rebellious you want to change the
system if you’re mature you want things to move slowly okay but if you’re elderly you’re
reactionary means meaning you don’t want anything to change if you change anything they get upset
and slap you that’s reactionary young people are creative mature people want growth but other
people care first and foremost about safety uh young people are open-minded mature people want
consensus meaning they want everyone to get along but other people are stubborn they want things
their way so we are now living in a gerontocracy which is ruled by elderly people okay so we’re
going to live in a reactionary stubborn system only concerned about the safety of these people
and so what does that mean well it means that the world will go into lockdown when there’s a virus
guess what we’re all we’re gonna have to shut down because old people are afraid of catching germs
it will also lead to a police state okay now police state does not mean that there’ll be
terrible police coming to beat us up in fact you know if in real life most police that you meet
are really really nice people but um you’ll have no individual freedom okay so let me give you an
example of this so in canada um a chinese moved to canada and uh she bought a house and her son
is very naughty and her son was so naughty that she wants to slap him but she knows that in canada
you can’t really slap children even in private right so she goes on online and asks everyone
can i slap my child and everyone’s like you can’t do that because if you do that your neighbor
should report you to the police but what you can do is report your child to the police tell the
police your child is naughty and they’ll come and help you discipline your child in fact you can
you can come get the police to come every single week they’d like that this is what we call a
police state okay intrusive government interference into your personal lives oh and lots of lots of
surveillance okay wherever you move you’ll be tracked whatever call you make you’ll be tracked
um in 2003 britain passed something called the online safety act and the idea is if you say
anything bad online you can get arrested okay so the freedom of expression is being limited this
passed in 2002 or 23 in britain but i assume it will pass everywhere in the western world digital
currency the idea of digital currency is the idea of financial repression so they’re trying to
eliminate cash because with cash is freedom you you can do whatever you want with cash you can
buy whatever you want for how much you want with cash with digital currency all your transactions
will be limited and monitored okay so in the future you will not be able to buy video games
because that’s bad for you oh microchip implants guys right isn’t that great you before you had
cell phones then you had facial recognition and in the future you have implants microchip implants
immigrants lots and lots of immigrants because poor people sorry rich pensioners need help they
need nurses they need laborers they need gardeners they need people to mow their lawn so you have
massive immigration coming into the country oh but good news okay it’ll be easier for you to study in
america from now on right today trump announced he wants 600 000 chinese students to go the united
states right before you guys were worried about not getting your visas and uh getting denied at
the border don’t worry guys they want you to go to the united states because you guys are the best
labor okay you’re cheap you’re obedient and you’re studious and you’re young okay so this is
the plan to let in more chinese students into america so you guys can take care of elderly
people is that great good news right oh lots and lots of prisons guys okay because elderly people
are afraid of criminals and also prisoners are free labor is that great oh and one more thing
war after war after war all right this is what it means by death by
gerontocracy this is what it means to live in a world governed by elderly
people other people are perfectly happy to send young people to die for their
glory all right okay pretty depressing but don’t worry things will get even
more depressing as we go up all right all right good any questions are you
guys clear any questions yeah for like the Bob that you said that elders kind
controls the society and wants, like, they exploit young people, but is there a way that
young people could, like, overthrow or have a method to solve this? Yeah, that’s actually a
great question. So what can young people do about this? And the answer is nothing, okay? And the
reason why, and this is really important, is that young people are biologically ingrained to respect
the elders, right? This is true for all nature. Even young animals will respect their elders.
so do you want to go kill your grandparents probably not okay so
there’s nothing anyone can do about this this is just the unfortunate state of
affairs okay old people are people we are biologically trained or wired to
respect and obey that’s why they can send us to wars and we’ll go fight wars
okay does that make sense all right yeah so what happened after the rich pension
elders that like what about their money okay all right that’s a good question
okay so as you can see from these charts eventually to be a pension crisis where
there are too many pensions enough money well guess what the old people are the
major political force in society they dictate policy so what will happen is
that money will be diverted from elsewhere into pensions where schooling
right public schooling health care everywhere basically okay but that but
the pensioners will want that money and pensioners first of all they’re powerful
but they also have a lot of free time on their hands to make trouble for everyone
and also because respect are the elderly right okay do you want to deny health
care and pension to your grandparents so everyone will be for this there’s
we can do about it good question but like people humans life have a limit like what will happen
after like they all died because they are just uh although they are elders and those rich pensions
they are still generations of human that’s a really great point okay so the idea is that
what happens when they die off well they’re not dying off okay they were supposed to die at 72.
now they’re living to like a hundred modern medicine is incredible i have a friend who’s
who’s like 90 years old.
She’s like literally brain dead, okay?
She’s like literally brain dead.
She’s 90 years old, but she’s filthy rich.
And she has access to the best healthcare.
So I asked my friend, who’s a doctor,
like, if you’re filthy rich and you want to keep on living,
how long could modern medicine keep you going on,
even though you’re a vegetable?
And he said to me, 20 years, 20 years.
20 years of being a vegetable, but she has money,
so if she wants to keep on living,
then she can do that, okay?
And that was not available before because of scarcity,
right, because of lack of technology.
But nowadays, because of abundance, because of technology,
old people can live as long as they want to.
And also, what this chart tells us is that
when the green goes away, the red becomes the green, right?
So you’ll always have a society
where the elderly are in control.
Does that make sense?
Unless, of course, there were maybe, I don’t know,
a catastrophe a nuclear holocaust who knows okay but but yeah but given the way things are the
trend is that old people can control society for a long time because if there’s a war is
that old people who die it’s young people who die okay but good question okay uh any more questions
Okay, great. So, we’ll continue this next class. Okay, thank you.
Source: Predictive History