20 ms·

Potentially productive capacity might rise rapidly due to automation. Also the welfare state might be reduced somewhat to make it sustainable. Or a combinatio

• ekianjo 9y ago
  > Also the welfare state might be reduced somewhat to make it sustainable. That's already progressively happening, but it's because it's progressive it becomes a problem: you are for example paying for the pensions of folks who are retired now, but not for yours and there will be either no pension for when you reach 65, or they'll push it back to 75 to manage the costs. Folks who will retire in 20 years cannot count on the government's welfare at all.