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We'll see less economic growth, but for the ordinary person, what counts is the growth per capita. Growth in total is important only for the investor class, as
by badpun 4y ago
We'll see less economic growth, but for the ordinary person, what counts is the growth per capita. Growth in total is important only for the investor class, as it translates into return levels on their capital.
- ssivark 4y agoThat misses the point that the number of “productive” humans (some fraction of working age people), and the number of humans that need to be supported (especially the large aging populace) are mismatched. There are a lot of growth obligations baked into the current economic system.