Part 10/14:
The shift upward in wages will initially encourage more births and family investments, potentially stabilizing demographic declines temporarily. Over time, higher incomes will enable families to afford more children, setting off a cycle of demographic renewal—albeit over several decades.
Can the Financial System Adapt?
The Challenge to Capitalism
The current capitalist system thrives on sustained growth. A shrinking population undermines this bedrock, jeopardizing economic expansion and corporate profitability.