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Capitalism is about the allocation of capital in society. The article tries to make the point that Capitalism depends on ever increasing markets and/or labor f
by vmh1928 7y ago
Capitalism is about the allocation of capital in society. The article tries to make the point that Capitalism depends on ever increasing markets and/or labor forces. Capitalism is a self-organizing system and will allocate capital for products and services wherever the individual participants decide is the best place for them to put their capital to work. If fewer babies are born and more 60+ exist then capital will flow to adult diapers instead of infant ones. Capital can be destroyed as well so it's not like we'll have toxic waste dumps of unused capital. A shrinking population is a change and an opportunity, it's not the end of the world.