"Can’t grow forever in a physical system with constraints."
Agreed.
But I think any economic system with a shrinking population will be disruptive. Like those payments to people not having kids will result in decreased GDP, need increased taxes (we already do), and see large parts of industry shut down because of the decrease in consumption. Our whole system is consumption based.
Agreed.
But I think any economic system with a shrinking population will be disruptive. Like those payments to people not having kids will result in decreased GDP, need increased taxes (we already do), and see large parts of industry shut down because of the decrease in consumption. Our whole system is consumption based.