alt Hacker NewsI agree that affordable housing is crucial, but the idea that this is 'impossible in a democratic society' ignores global realities. Several democracies heavily subsidize housing—look at Vienna's social housing model or Singapore's HDB system. Yet, this has not solved the birthrate problem; Singapore’s fertility rate recently hit a record low of 0.87.
Ironically, the highest birth rates globally occur where economic security is non-existent, a state of living none of us want to return to. What is truly worrisome about a country like India is that it is facing sub-replacement fertility before fully industrializing. In states with highly unique identities like Tamil Nadu and West Bengal, the native population has already fallen well below the 2.1 replacement mark. While internal migration from higher-fertility northern states fills the gap, it creates significant political and cultural friction.
In developed countries, the state can at least leverage accumulated wealth to bankroll healthcare and social services required by a rapidly aging population. In a developing nation like India, they risk growing old before they grow rich, leaving an aging population without the robust safety nets or fiscal runway of the West- we might even see the country slide backwards into sub-saharan African levels of poverty
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"Effectively impossible" does not mean "impossible."
Yes, Vienna's housing policy is effective... It's also the only place in the world that manages it. I would argue that it is ideal, but nearly impossible to implement. We can't escape the fact that Vienna operates what is effectively a sovereign wealth fund to create all that housing, which works with the subsidiaries of Austria's actual sovereign wealth fund in development. It's a nice system to be born into, it's nearly impossible to bootstrap.
>the highest birth rates globally occur...
Nobody is suggesting returning above replacement rate births. Falling below replacement rate is only a problem long term because it happens slowly, but exponentially. It will cause a displacement crisis that will rival climate change. Lowering world population would probably be a good idea, theoretically, but again, there's a difference between a linear decline and an exponential decline.
>In developed countries, the state can at least leverage accumulated wealth to bankroll healthcare and social services required by a rapidly aging population.
I don't see how this is relevant. One can be both for "abundance" and taxes on wealth.
Vienna massively depopulated in the mid-20th century, so it had a large excess of underused real estate. Vienna is only now starting to come back to its former population. It is like making the observation that housing is cheap in Detroit.
We need to make cheap housing work in places that have not experienced large-scale depopulation.
Lol "unique identity" just for 2 states is left political propaganda. Don't fall for it. Every state (for that matter, most districts) in India is unique and none are unique because there's so much in common. Depending on how you look at it.
Coming to main topic, much of West doesn't have fiscal runway. But your point about getting old before getting rich is valid. But it is not all bad news.
IMHO one of main challenges for a democracy like India is, planning just about anything that involves land, capital takes just as long as in, say, US or UK due to lots of consensus building, "activism" delays, lawsuits etc. And by the time the thing is built - be it airports, roads, sewage pipes or water treatment etc., the population is far far higher. And it turns out inadequate almost like back to square 1.
Now THAT problem will reduce or go away. You take 20 years to debate a new garbage disposal facility and overcome NIMBY brigades? no issues! The population stays same when you stop arguing and get it done.
My understanding of Singapore work culture though is it's intense and competitive. Yes the housing is cheaper and more accessible but it's the same age to get there (maybe a bit earlier). You aren't "economically secure" earlier in life than in Western countries. I don't know enough Vienna's system to speak for it.