Capitalism certainly also plays a role here. However, I would argue that capitalism itself did not get worse in comparison to fifty years ago. Its the demograph

Capitalism certainly also plays a role here. However, I would argue that capitalism itself did not get worse in comparison to fifty years ago. Its the demographics that have changed. However, you are right that we cannot change demographics, so we might need to adjust capitalism. In fact, this argument might even be used to justify more government intervention than ever before, exactly because the situation has changed and the high level of economic freedom we had earlier might not be as healthy any more under these new circumstances. So the argument can go both ways.