this post was submitted on 14 Jun 2023
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Losing 3 billion people would destroy the global economy. Capitalist economy needs constant growth to survive.
Well, do I have some bad news for you! The world population isn't projected to peak until 2080, but the U.S. population is projected to peak in 2052 (<30 years). We have one generation to figure out the alchemy of prosperity under population stagnation.
FWIW: there's nothing written in stone that says you must have growth to sustain capitalism. A shrinking labor pool can be replaced with improved efficiency (i.e.: AI & automation). A shrinking consumer base can be replaced with increased per-capita consumption (i.e.: more consumerism). Love it or hate it, capitalism in an extremely adaptable system that will readily adapt to changing tides -- necessity is the mother of invention.
Get rid of the taxes and the growth requirements are way down. Technology seems to have stabilized and we are now realizing that the whole internet boom was a bubble.