Interesting, but I was disappointed. This article seem to promise a lot, but then peter out at the end without coming to a strong conclusion.
One little image I did like was government debt as a ponzi scheme based on population growth. If population starts to decline, we'll need some fundamental changes to the economic system.
If population starts to decline, we'll need some fundamental changes to the economic system.
It's actually worse than that, since it's not the population as a whole, but, rather, the productive, working-age population.
The US (and perhaps the "West" as a whole) is already on the precipice, if not already tipping over, with Baby Boomers hitting retirement age. Even when the more patent Ponzi scheme of Social Security collapses, it won't solve the underlying economic problem, that so few will have to support so many.
One little image I did like was government debt as a ponzi scheme based on population growth. If population starts to decline, we'll need some fundamental changes to the economic system.