There is enough out there for everyone to live a happy life. We just have to realize it.
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It's a crisis for who will support you in your old age. Capitalism or no capitalism, if you want to keep eating after you stop working, either you store enough literal food in your barn, or somebody else works so you eat.
Traditionally, that's family: your children. Capital/investments/savings, or socialised care, spreads that around the State a bit more (or round the local or global community). But when there are few children and many adults, later there are few working people and many retirees wanting to enjoy life - and you're one of the retirees.
It's a "problem for capitalism" because so many people have invested in capitalism for their retirement, and that could be upended. And because actually-small investments were made, on the basis that constant economic growth means lots will be returned when the time comes.
But it's a "problem for humanity" - all the people who don't have children to care for them and rely on money and financial investments - which both just represent a stake in someone else's work - for the future.
I've written myself into a corner a bit here. Few working adults to many retirees is always going to be difficult, no matter your economic/political system. But logically from my, simplified, argument, the last two paragraphs beckon a third. To recap,
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Retirement funds: a stake in "Capitalism", to provide for your retirement based on broad economic growth
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Money: a stake in the total economy, to provide from people's work. Then:
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A stake in the community, based on being a member of the community. E.g. a citizen - then this is socialism. If there are enough working adults - or bread in the barn - to provide for all the elderly, then all the elderly (you included) are provided for, regardless of whether they have children or saved money or made investments.
But still, if there isn't enough for everyone, everyone suffers. And it's rare to find a community that really wants to care for its elders well, putting in the effort for them rather than people spending on themselves, without outsourcing to 'capitalism' and economic growth.
Captialism can cause low birth rate, but no economic system can survive the decimation of the prime-aged working class.
Even china's seeing low birth rates, but they have a bit more padding.
So phuck but use a condom.
Lots of gay sex. Lots and lots. Daylight's burning folks.
Not the folks who live in Forks. It’s always cloudy there.
But remember the lube.... Free lube CMC a cake ingredient. It makes a huge amount of clear gel when mixed with water. Like a spoon of it will Make a cup of gel.
In so many of the contrarian responses I'm seeing, I'm reminded of Fisher:
it's easier to imagine the end of the world than it is to imagine the end of capitalism.
That is to say that so many cannot escape the capitalist framework of productive workers supporting the elderly. As though that's the only way society can possibly be organized.
Retirees are not seen as deserving of their reward, but rather a drain on productive labor. It's no wonder that there is so little sympathy for the destitute and homeless when those who've "earned" their leisure are still known as parasites.
Sounds catchy, but I'm not sure this is really true. Capitalism is about owning things, not selling things.
Capitalism is fine with it actually.
The issue is that there will be too many old people and not enough young people to support them.
But old people have most of the money. So, lots of money will still be spent. Capitalism will be fine. Sure, some old people will have no money and bankrupt their children. But capitalism does not care about that.
It would have been a bigger problem before AI and robotics. But capitalism will shrink the workforce faster than birth rates.
I don't think a socialist revolution (or any other sudden overthrow of capitalism) can save South Korea: https://www.youtube.com/watch?v=Ufmu1WD2TSk
Is it even a crisis for capitalism? Modern day capitalism seeks to eliminate workers, the ideal for the capitalist is to make a factory full of robots with like 10 employees that manage and service them. As factory work dies the population stabilizes (it doesn't shrink, it just stops going up year over year) and the remaining population performs service jobs that can't be performed by AI/Robots or a select bit of high paying factory jobs where robots cannot yet perform the factory task.
In an even more dystopian outlook the capitalists don't even want people for service, they likely would want robot and AI service (waiters, barbers, etc) in the long game to eliminate the need for serfs.
At the end of the day the cry about population collapse and declining birthrates only makes sense when you add a desired ethnicity before the term. Example [White] birth rates or [White] population collapse. Elon Musk isn't worried about the birth rate of Japanese or South Koreans. This whole thing is about racist views on world ethnicity.
Every person born is another potential consumer for [PRODUCT]
Yeah, but it's cyclical. You need people to buy product, but people need money to buy product. Yeah, the ultra wealthy will have money, but you can get more money from 10 million people buying something for $10 than from 10 people buying something for $100,000.
If you get rid of the jobs then people don't have money so who will buy [PRODUCT]?
You could have 10 trillion people on the earth, but if you only have 3 billion jobs the issue isn't population. You could argue that 3 billion jobs support up to 15 billion people, but the issue still isn't the population at that point, it's the number of jobs.
the last paragraph is were capitalism fails, and where socialism works. 3 billion jobs can support 15 billion people, but that would mean giving the fruits of that labor to those people who have no jobs. This is distributing the product of the labor force to everyone, so everyone can live, that is socialism. If you say ok, let's just have 3 billion people, one per job, then you aren't producing for 15 billion, and now the job pool will shrink accordingly.
So, if/when machines come to a point where one, basic, job creates enough GDP to support a massive amount of people, then you need the populace to own the means of that production.
In my own statement, when I said that 3 billion jobs could maybe support 15 billion people, I said that from the capitalist mindset. What I meant when I said that was that one high income person could have up to 4 other people that actively has access to their income to utilize. This could be one person with a spouse and 3 kids or it could be a person with 2 sets of grandparents and great grand parents. As an example this would scale with number of persons with income. IE you could have a couple with 3 kids or 1 adult and 4 grand parents. The specifics don't need to be specific, I was just trying to provide an extreme example of how far one income could go for the total world capitalist expenditure.
EDIT: To make it abundantly clear, my example was to express the extreme bounds of people with access to an income. That might be a kid on the Jersey shore with a credit card or a grand parent whom the income bringer is taking care of. Either way, there is a limited number of people that one income is actively taking care of and have access to that income. My original example was 3 billion persons with income and 15 billion persons spending the money. I think most adults can find 4 other people who spend money on their behalf by the age of 40.
And even more specifically, hyper consumerism-driven, wasteful capitalism more than just capitalism itself.
Well regulated and not utterly greed-driven capitalism that gets fairly taxed to support the societies infrastructure that it feeds off is not so bad. If that would ever happen.
If that would ever happen.
Well, you see, the thing about capitalism is it empowers exactly the people who don't want that to happen. Consumerism-driven, wasteful capitalism is the in-built trend of capitalism itself, not an unfortunate variant - even government regulation doesn't solve these problems.
I don’t think “not so bad” is the best phrase for that. Not as bad, certainly, but I have a difficult time saying “not so bad” about any kind of capitalism that isn’t already transforming into something like market socialism.
No, capitalism always wins and works.