this post was submitted on 25 May 2025
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Unless you expect people to work until they drop dead it's a crisis regardless of the economic system, especially coupled with the increases in life expectancy. You have fewer and fewer people of working age who have to provide for and take care of more and more old people for longer and longer. Even if you eliminate profit motives, you're placing an outsized burden on younger generations.
How many people work in health care now? How many people are under/unemployed? How long will elderly live?
Do you see how this isn't a crisis for anyone but the rich?
You're looking at it purely from a present-day perspective. Just because the pool of available workers is large enough today to provide for everybody doesn't mean that it will be fifty years into the future. It's not about "infinite growth" it's about providing a consistent standard of living and a fair generational contract that doesn't place an undue burden on future generations.
Well, there's a simple fix. Since 1970, the standard of living for 90% of the population in the US has been stagnant or declining. We have absolutely increased our GDP, our productivity, and our total economic output. But all the gains have gone to the top 10%. You could tax all economic growth past the 1970 level at 100%, and 90% of the country wouldn't even notice.