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A new equilibrium with a smaller population, after the problem of an old population had passed, would still imply less room for specialization, and therefore le
by rz2k 8y ago
A new equilibrium with a smaller population, after the problem of an old population had passed, would still imply less room for specialization, and therefore less per capita productivity, and ultimately lower quality of life.
Instead of more natural resources available per person, a less productive economy eventually provides for fewer resources in terms of goods, services and capital like installed infrastructure per person that are necessary to thrive.
- lkrubner 8y agoThat's a moot point for as long as we still have 3.5 billion people engaged in subsistence level farming. All of them need to be brought into the modern economy, and taught a specialty. In other words, if 50% of the human race is still wasting its time with farming practices that have barely changed since the Neolithic, then there are still a lot of ways to grow the economy, even if the population is falling.