Or an economy so socialized and taxed that no one wants to invest in the future. A world without births is a world without hope.
Yep you nailed it. There is no incentive to tie up money in any long term productive investment so you can either go with short run safety and lose a little short run, or take a short run gamble in the casino. Even a lot of “buy and hold” equity is ending up in short term speculation beneath the covers instead of long run investments in higher productivity.