How many kids do you
want to have? One? Two?
Well if you live in
China, that answer was made for you, you could have
only one, just one. Over the years though, the law slowly became easier to get
around and a small percentage of couples were able to have more than one child.
Regardless though, the norm was you are allowed one child, that is, until
today.
China announced today that it would allow two children for every couple. That is right, two whole kids. Citizens of a nation now more than 1.3 billion people strong, no longer have to follow the one child per couple policy establish in the 1970s.
Why did China decide to
disband the policy and allow the extra child per couple? Could it be better PR
for the country as a whole? Maybe it is because it was tired of having so many complaints.
Nope, the sole reasoning behind it was to improve its economy.
I mean think about it,
the country's economy is slipping and the world is watching it happen. So what
better way to jump-start the economy in both in the short-run
and long run by allowing millions of couples to legally have one more
child. Being completely honest, I think this was a great move by China. Typically,
if an economy is struggling, the government attempts to simulate the economy in
hopes for more consumer spending, thus causing the economy to recover. There
are two major issues with that typical solution, there must be money to be
spent and the economy must use said spending correctly. As seen during the
United States struggle, the ladder did not occur. I do not think there is a
better way to jump start a struggling economy compared to how China did. It
required no money, the consumers obviously will take advantage of the rule
change, thus increasing spending dramatically.
Granted the announcement
was today, I predict two outcomes will occur in the near future. One is China
gains better publicity with both its citizens and noncitizens. Second
being there will be a dramatic increase in pacifier purchases in about eight to
ten months.
Until Next Time,
Matt
