That’s mostly a problem in capitalist economies. We already support some 3 times more elderly per person today than we did after WWII. How did that happen without the economy scuttling? Productivity growth. We pooduce way more products and services per head than we did back then. The problem is most of that is collected by the owner classes. If the owner class consuped less resources we’d be able to provide more to our elderly. A non-capitalist economy can allocate production and distribution more based on need and not on return on investment on private capital. Part of that would be using productivity gains from mass automation to fulfill these needs with fewer people. Under the capital system automation gains go into more hyperyachts and private space trips.
That’s mostly a problem in capitalist economies. We already support some 3 times more elderly per person today than we did after WWII. How did that happen without the economy scuttling? Productivity growth. We pooduce way more products and services per head than we did back then. The problem is most of that is collected by the owner classes. If the owner class consuped less resources we’d be able to provide more to our elderly. A non-capitalist economy can allocate production and distribution more based on need and not on return on investment on private capital. Part of that would be using productivity gains from mass automation to fulfill these needs with fewer people. Under the capital system automation gains go into more hyperyachts and private space trips.