Demographic suicide in Italy creates strong economy, kills hope and meritocracy

Enrico Letta
Enrico Letta Image via Wikipedia

Italy’s deeper troubles magisterially analyzed by the Economist….

Italy is indulgent towards its children in some ways—it is not unusual for them to live at home until they are in their 30s—but hard on them in others. “A typical Italian family these days”, says Enrico Letta of the Democratic Party, “has some great-grandparents, four grandparents, two parents and one child. This poor child has so many people planning its life, there is no possibility of it ever taking a risk.”

The government transfers money from young to old by spending 14% of GDP on pensions, a higher proportion than any other OECD country. Italy’s demography ought to hand a big advantage to the young who, thanks to a fertility rate of just 1.4 per woman (well below the rate required to hold the population steady), are becoming scarce. But instead of gaining extra bargaining power, they are blocked by gerontocracies everywhere.

Sorin Adam Matei

Sorin Adam Matei - Professor of Communication at Purdue University - studies the relationship between information technology and social groups. He published papers and articles in Journal of Communication, Communication Research, Information Society, and Foreign Policy. He is the author or co-editor of several books. The most recent is Structural differentation in social media. He also co-edited Ethical Reasoning in Big Data,Transparency in social media and Roles, Trust, and Reputation in Social Media Knowledge Markets: Theory and Methods (Computational Social Sciences) , all three the product of the NSF funded KredibleNet project. Dr. Matei's teaching portfolio includes online interaction, and online community analytics and development classes. His teaching makes use of a number of software platforms he has codeveloped, such as Visible Effort . Dr. Matei is also known for his media work. He is a former BBC World Service journalist whose contributions have been published in Esquire and several leading Romanian newspapers. In Romania, he is known for his books Boierii Mintii (The Mind Boyars), Idolii forului (Idols of the forum), and Idei de schimb (Spare ideas).

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