Agreed, but no one seems to know how we decouple the economy from growth without hurting or angering a lot of people. Maybe we just tear off that bandaid quickly.
This just means that the strategy of keeping most of the wealth with a tiny minority and expecting the middle class to bear the cost of supporting the old people in wholly separate existences and households paid for by the young isn't tenable.
Some degree of distribution of wealth and multi generational households would render it tenable again.
I dunno, looking at the fertility rates of rich countries vs. the performance of equities, it seems like increased productivity from computerization and automation is perfectly capable of offsetting much of the economic decline from a lower birthrate.
It should be who can produce the most efficient and consume the most efficient. We should go back to building solidly and everlasting. The investment may be initially more expensive but the return will compound quickly and the benefits will make a difference. We’re wasting so many resources to stir this stupid economy and it always crashes.
grugagag|5 years ago
The economy should adapt not the other way around
kilroy_jones|5 years ago
michaelmrose|5 years ago
Some degree of distribution of wealth and multi generational households would render it tenable again.
koboll|5 years ago
nutjob2|5 years ago
aylmao|5 years ago
grugagag|5 years ago