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Competency in population control must be a tricky business. A lot depends on how much experience the conspirators would have. If the task group was just formed in the 20th century, more direct and clumsy attempts are expected. If wars, famines are the natural methods of whatever elites, some PR maneuvers are needed to distance the public from the normal civilized peace and prosperity of the post-WWII years.
So I have to assume that the conspirators have a taste for empirical data gathering, trying out various modes of economic crises (and perhaps confusing youngsters about relationship building, etc). All that could be just a starter for some directly competent action. A period of social-political chaos would be much more effective with a majority of population in economic straits already. The next two years should add more clarity.
Italy and other ~1.5 rate countries would not be the focus of global population control. They would be role models even with 0.2 recoveries.
But it is the 1.2-2.1 countries where you get lower birth rates from economic crisis. Or at least I thought so, Italy is a counterexample. In high birth countries wars, famines and economic crisis delays the shift to low birth, thus stretching out the period of increase.
With policies that are effectively working towards a larger population by undermining the decrease in the remaining high birth countries, I don't see any evidence of a conspiracy for lower population. And when it comes to the different calls for lower population you seem prone to read, similar calls when it comes to colored or otherwise underclass populations has been going on for at least a hundred years, ever since birth rats started to go down in Europe. So no evidence there either.
Do you have anything that actually points towards the existence of such a conspiracy?
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The overpopulation problem must have been predating Malthus on various local levels. Some elite lines could have developed natural or sophisticated competences hell knows when - though not particularly the Western, I may guess. On the other hand, wild booms and busts could be a viable less dirty way to reset populations for some time. If this economic mess has that deep meaning, something should follow still under Obama.
Let's take it easy:
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