BlackRock CEO Larry Fink: The big Winners are countries that have shrinking populations

"I could argue in the developed countries, the big winners are countries that have shrinking populations. That's something that most people never talked about. We always used to think shrinking population is a cause for negative growth. But in my conversations with the leadership of these large developed countries that have xenophobic immigration policies, they don't allow anybody to come in, shrinking unemployment, excuse me, shrinking demographics.

These countries will rapidly develop robotics and AI and technology. And if the promise, I didn't say it's going to happen, but if the promise of all that transforms productivity, which most of us think it will, we'll be able to elevate the standard of living of countries, the standard of living of individuals, even with shrinking populations. And so the paradigm of negative population growth is gonna be changing. And the social problems that one will have in substituting humans for machines is gonna be far easier in those countries that have declining populations. And so for those countries that have rising populations, the answer will be education and so rapidly developing. For those countries that do not have a foundation of rule of law or education, they're gonna be left, that's where the divide's gonna get more and more extreme."