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Too many customers? (Warren Buffett and Population Control)
LifeSiteNews/Legatus ^ | 5/10/11 | Steve Mosher

Posted on 05/11/2011 1:20:59 PM PDT by wagglebee

May 10, 2011 (LifeSiteNews.com) – Warren Buffett apparently thinks you can have too many customers. Several years ago, I went toe-to-toe with Buffett — and won. The occasion was the Berkshire Hathaway annual meeting. I had introduced a resolution designed to stop company funds from being spent on population control and abortion campaigns.

Buffett, you see, was convinced that there were too many people on the planet and, as the company’s majority shareholder, he was using company money to try and reduce their number. Buffett is not a religious man, so I made the argument in economic terms that any businessman could understand. The Omaha Civic Auditorium was packed with over 10,000 shareholders when I arrived, many of whom Buffett had made wealthy over the years. I was a little nervous about how they would respond to my suggestion to end their chairman’s private war on people. I needn’t have worried.

I told them how the Population Research Institute is a nonprofit organization dedicated to making the case for people as the ultimate resource. “The population bomb was one of the myths of the 20th century,” I said. “Our long-term problem is not going to be too many people but too few people.

“It should be self-evident that Berkshire-Hathaway, like the economy as a whole, is dependent upon people,” I explained. “It’s people who produce the products and services of the various companies we own, and it’s people who buy them. Now you may think that there is a superabundance of people and that we’ll never run short, but this is not true. Europe and Japan are literally dying, filling more coffins than cradles each year.

“Charitable contributions to simple-minded population control programs are not ‘investing in humanity’s future.’ They are compromising humanity’s future, and putting a roadblock in the way of future economic growth. There is no ‘global share buyback’ in store for those who fund population control programs, because such programs will rob the world of future consumers and producers and threaten to shrink the economic pie.”

I had won over the crowd, which erupted in sustained applause. But Buffett cast the deciding vote, and my resolution went down to defeat. Still, I count it a victory because not long afterward Berkshire Hathaway announced that the chairman would henceforth be donating his own money, rather than the company’s, to his favorite causes in the future. Buffett, along with other true believers in the overpopulation myth, remains convinced that population growth is the root of all our problems. Is there overcrowding and air pollution? Blame it on too many people. Are there food shortages and urban poverty? Again, blame it on too many people. In their dismal calculus, more people equal less prosperity. The world, in their view, is simply too crowded; their solution to its real and imaginary woes never varies: reduce the birth rate.

In fact, population growth has been the primary driver of progress throughout human history. While it’s true that a growing population leads to shortages of certain raw materials, goods and services, these will always prove temporary in a free market economy. Innovators will come forward to extract more raw materials or find cheaper substitutes, while entrepreneurs will find ways to produce more goods at lower costs and to distribute them more efficiently to the public. At the end of this creative process — if it’s not interrupted — you will have more goods available at lower prices precisely because you have more people.

Dying populations have the opposite effect. Japan has been languishing under a demographic recession since the 1990s and the government has run up the national debt to 200% of GDP, while deflation is eroding the value of real estate, stocks and other forms of property. There are simply too few customers for all of the goods and services that Japan is producing.

Europe, too, is looking less attractive to investors because populations are dying there as well. Greece is on the verge of bankruptcy because it has fallen over a demographic cliff.

There is an old book, written in the 1920s by an American businessman, called 400 Million Customers. The author saw China then, as many people still do today, as a huge, untapped market. Ironically, the Beijing regime was bragging recently about having reduced China’s population growth by 400 million over the last 30 years. Let’s leave aside the fact that these numbers were achieved by forced abortions, sterilizations and a massive contraceptive campaign.

Think about China’s astonishing economic performance (its annual GDP growth over the past three decades is close to 10%) once the Communist Party stopped trying to control all economic activity. Think of the tremendous work ethic of the Chinese people and their dedication to educating their children. Think of the labor shortages that are now cropping up across the country because of the cruel knives that have taken the lives several hundred million unborn children in recent decades.

Think on these things, and then ask yourself: Is China really better off because it has eliminated 400 million of the most intelligent, hard working, and entrepreneurially minded peoples the world has ever seen? Has China’s Communist leadership lost its collective mind? They have eliminated 400 million customers.

Steven W. Mosher is the President of the Population Research Institute and the author of “Population Control: Real Costs and Illusory Benefits.”

This article has been re-published from Legatus Magazine with permission.


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: billiondollarmarxist; communismkills; genocide; globalist; lifehate; moralabsolutes; populationcontrol; prolife; stevemosher; warrenbuffett
In fact, population growth has been the primary driver of progress throughout human history. While it’s true that a growing population leads to shortages of certain raw materials, goods and services, these will always prove temporary in a free market economy. Innovators will come forward to extract more raw materials or find cheaper substitutes, while entrepreneurs will find ways to produce more goods at lower costs and to distribute them more efficiently to the public. At the end of this creative process — if it’s not interrupted — you will have more goods available at lower prices precisely because you have more people.

Something the left will NEVER understand.

1 posted on 05/11/2011 1:21:05 PM PDT by wagglebee
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To: cgk; Coleus; cpforlife.org; narses; Salvation; 8mmMauser
Pro-Life Ping
2 posted on 05/11/2011 1:21:51 PM PDT by wagglebee ("A political party cannot be all things to all people." -- Ronald Reagan, 3/1/75)
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To: 185JHP; 230FMJ; AKA Elena; Albion Wilde; Aleighanne; Alexander Rubin; Amos the Prophet; ...
Moral Absolutes Ping!

Freepmail wagglebee to subscribe or unsubscribe from the moral absolutes ping list.

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3 posted on 05/11/2011 1:22:36 PM PDT by wagglebee ("A political party cannot be all things to all people." -- Ronald Reagan, 3/1/75)
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To: wagglebee

There aren’t too many people. There are too many of the wrong kind (uneducated, freeloading, ignorant) and not enough of the right kind of people in the world (freedom loving, productive, intelligent).

Yeah, I said it.


4 posted on 05/11/2011 1:24:41 PM PDT by RockinRight (Herman Cain 2012)
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To: wagglebee

It does seem silly to cut your customer base. I bet that Buffett begged to differ about what he was doing, since after all he wasn’t carrying on these “family planning” missions to Europe and Japan, but to dark corners of Africa and Asia where “people are suffering from overcrowding.” But still, doesn’t it seem more humane to help them grow out of their problems rather than die out of them?


5 posted on 05/11/2011 1:31:48 PM PDT by HiTech RedNeck (Hawk)
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To: RockinRight

Where is that Gary Larsen (The Far Side) cartoon depicting God in His kitchen, with Earth sitting in a skillet, thinking “And now, to make the world more interesting” while unscrewing the top of a jar marked “Jerks”???


6 posted on 05/11/2011 1:34:04 PM PDT by HiTech RedNeck (Hawk)
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To: wagglebee

Warren Buffett is a first class ASSHOLE!


7 posted on 05/11/2011 1:44:51 PM PDT by US Navy Vet (Go Packers!)
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To: wagglebee

Must see documentary:
http://www.youtube.com/watch?v=IG2IZEzUmA0


8 posted on 05/11/2011 1:57:19 PM PDT by Spudx7
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To: wagglebee

Don’t worry; 0bamaDeathCare will alleviate the problem.


9 posted on 05/11/2011 1:59:24 PM PDT by SVTCobra03 (You can never have enough friends, horsepower or ammunition.)
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To: wagglebee

Warren Buffet of the New World Order.


10 posted on 05/11/2011 2:01:13 PM PDT by RoadTest (Organized religion is no substitute for the relationship the living God wants with you.)
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To: wagglebee

Someone may be a genius at making money, but that doesn’t mean that they should be looked to for leadership in other areas.


11 posted on 05/11/2011 2:06:55 PM PDT by trisham (Zen is not easy. It takes effort to attain nothingness. And then what do you have? Bupkis.)
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To: US Navy Vet

“Warren Buffett is a first class ASSHOLE!”

He sure is. If he’s so interested in population control, why doesn’t he set an example and kill himself?


12 posted on 05/11/2011 2:14:18 PM PDT by july4thfreedomfoundation (Obama is a bigger threat to the safety of America than Osama)
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To: HiTech RedNeck

What people like Buffet refuse to see is that the problem isn’t too many people, but too much corruption.

Too many famines and too much disease are caused by bad planning and decision making, and repressive, corrupt governments.


13 posted on 05/11/2011 2:19:48 PM PDT by metmom (Welfare was never meant to be a career choice.)
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To: metmom

And this would require a rethink of business practices if there was wealth to be had in colluding with such corrupted governments.


14 posted on 05/11/2011 2:21:24 PM PDT by HiTech RedNeck (Hawk)
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To: wagglebee

Warren Buffet doesn’t think there’s too many people. He just thinks there’s too many people that he doesn’t like. That makes it OK.


15 posted on 05/11/2011 3:21:25 PM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: HiTech RedNeck

Thought you might be interested in this article about Warren Buffett.


16 posted on 05/11/2011 4:53:27 PM PDT by Auntie Mame (Fear not tomorrow. God is already there.)
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To: wagglebee

Population control freaks are cowardly, hypocritical scum.

If they truly believe in controlling the population they’d put a Smith & Wesson where their mouth is...and pull the trigger.


17 posted on 05/11/2011 4:55:58 PM PDT by Fledermaus (As long as John Boehner is Speaker, conservatives are screwed. He's a coward and a crybaby.)
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To: Auntie Mame

Spotted it first


18 posted on 05/11/2011 5:35:05 PM PDT by HiTech RedNeck (Hawk)
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To: Fledermaus

Now, now, that’s just plain mean.


19 posted on 05/11/2011 5:35:51 PM PDT by HiTech RedNeck (Hawk)
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To: HiTech RedNeck

He’s being kind. Buffett has his. What does he care anymore?

Great job aborting 1/3rd of my generation asshole.


20 posted on 05/11/2011 5:41:04 PM PDT by BenKenobi
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To: BenKenobi

I noted an odd factoid about Buffett in an article recently referenced on FR. Buffett reportedly spent a lot of his time in church figuring out the average life spans of hymn authors from the biographical data in the church hymnal, and apparently thought they tended to be disappointingly brief. So, Buffett apparently concluded, if you’re devout enough to want to write a hymn you probably aren’t going to live long. Too bad he didn’t understand that some of the most beautiful art in the world is born of suffering.


21 posted on 05/11/2011 5:54:20 PM PDT by HiTech RedNeck (Hawk)
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To: HiTech RedNeck

Well said.

Life is suffering. There is value and good in suffering. If people like Buffett understood this they wouldn’t be choosing to kill people over permitting them to overcome suffering.

It’s also the same rationale that is used to toss out the lives of disabled people like me. Not like we could actually amount to anything, eh?


22 posted on 05/11/2011 5:58:23 PM PDT by BenKenobi
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To: BenKenobi

Suffering often occurs when good and evil approach in opposition. I don’t agree with people who believe that suffering should be sought out on principle, because it seems to need no help to occur — but if humanity shied away from all suffering, it would be shying away from many occasions where good can otherwise press through evil.


23 posted on 05/11/2011 6:09:59 PM PDT by HiTech RedNeck (Hawk)
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To: HiTech RedNeck

I think there is some biblical justification for seeking out suffering. Look at Christ and his 40 days in the desert. There are times when it can be profitable to the Faith.


24 posted on 05/11/2011 6:16:23 PM PDT by BenKenobi
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To: BenKenobi

What Jesus sought was the Father’s will, that is always clear from the gospels. So when the Father told him to go into a place where he would suffer, Jesus obeyed. A Christian life that (by definition) pushes against Satan always will see some suffering in the course of its mission. I part company with pious masochists, however.


25 posted on 05/11/2011 6:21:06 PM PDT by HiTech RedNeck (Hawk)
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To: RockinRight
Ah, the same thing Buffett thinks, "Too many of "those" kind of people and not enough of "my" kind of people."
26 posted on 05/11/2011 6:27:49 PM PDT by Harmless Teddy Bear (Yesterday I meditated, today I seek balance. That was Zen, this is Tao.)
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To: Harmless Teddy Bear

Probably not. I presume you think illegal immigrants having 9 kids that all grow up to be on welfare is a good thing?


27 posted on 05/11/2011 6:42:39 PM PDT by RockinRight (Herman Cain 2012)
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To: HiTech RedNeck

I’m a jerk or the freeloaders?


28 posted on 05/11/2011 6:44:29 PM PDT by RockinRight (Herman Cain 2012)
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To: HiTech RedNeck

I think “free loaders” were in a different container (duck’n & runn’n)


29 posted on 05/11/2011 6:47:30 PM PDT by HiTech RedNeck (Hawk)
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To: HiTech RedNeck

I didn’t mean to sound like a jerk, or imply that I am somehow agreeing with Buffet, because I am not. Good conservative families aside, look who is having kids in the US...I am just not sure those kids are going to grow up with American values.


30 posted on 05/11/2011 6:58:10 PM PDT by RockinRight (Herman Cain 2012)
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To: wagglebee; it_ürür; Bockscar; Mary Kochan; Bed_Zeppelin; YellowRoseofTx; Rashputin; ...
+

Freep-mail me to get on or off my pro-life and Catholic List:

Add me / Remove me

Please ping me to note-worthy Pro-Life or Catholic threads, or other threads of general interest.


31 posted on 05/11/2011 7:49:08 PM PDT by narses ("Fallacies do not cease to be fallacies because they become fashions." Chesterton)
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To: RockinRight

Read post 30.

I saw you mention on another thread a while back that Japanese people don’t have many kids because they can’t afford to feed them or house them in tiny apartments. And many are aborted, which is awful.

What I am pointing out is that some people don’t care and pump a bunch of kids out because Daddy Government will take care of them...not a promising future at all.


32 posted on 05/11/2011 7:59:53 PM PDT by RockinRight (Herman Cain 2012)
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To: july4thfreedomfoundation
If he’s so interested in population control, why doesn’t he set an example and kill himself?

If he’s so interested in the "estate" tax, why doesn’t he set an example and give half of his fortune to the IRS?

33 posted on 05/12/2011 9:43:41 AM PDT by ELS (Vivat Benedictus XVI!)
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To: ELS

I’m sure Warren Buffet and his fellow liberal billionaires have tons of their money invested in tax free municipal bonds.

Income taxes and estate taxes are for us “little people.”


34 posted on 05/12/2011 1:54:50 PM PDT by july4thfreedomfoundation (Obama is a bigger threat to the safety of America than Osama)
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