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Entry: Yes, It's Early Link: http://www.takimag.com/blogs/article/yes_its_early#7197 Post contents: @adriana As an economist and father of five children I can assure you that it is the availability of a government provided security blanket that encourages to spend on “baubles” and not to invest long-term in children. People invest in order to be secured against the unforeseen. In an unsecure world, children that are prepared for survival in such an environment are the best investment. Savings and other property investments or holdings can be wiped out in an instant as the German people found out twice during the last century. However, those that had invested in well prepared children, were the ones enjoying a modicum of security. Government action socialized this investment through schemes like social security, welfare, or the draft, which is just another form of taking your investment (child) to provide security from dispossession or physical harm from outsiders free of charge to everyone. In any case, these government actions or programs diminish the incentive to use this form of investment (children). While we like to think of our motives with respect to childrearing as being purely altruistic, a lot of selfish interests influence our decisions. Sent at: 2008 08 30