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Fewer people means the economy and finance will shrink. This is not something our system is designed - almost all economic models need constant growth, which as
by innagadadavida 5y ago
Fewer people means the economy and finance will shrink. This is not something our system is designed - almost all economic models need constant growth, which as you rightly mentioned is achieved at great cost to the environment and other species. I also feel that fewer people will also translate to fewer billionaires and newly minted rich folks and transfer some power balance to people willing to do the labor.
- mytailorisrich 5y agoUltimately it is more useful and impactful for individuals that the economy and incomes grow per capita. The economy may shrink overall with the decreasing population, but people may still become better off individually.