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Reducing a population's size can be good for that population, but that depends entirely on how that reduction is accomplished.
If you do it through habitat destruction, or a sharp decline in available resources, ESPECIALLY while increasing the risk of natural disasters, you greatly increase the odds of extinction.
Global warming would be the worst method for population reduction you could use, with the possible exception of global nuclear war. I've heard some bad arguments surrounding this issue, but that's right up there among the worst.
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