I believe it is folly to base an economy on consumption, consumption is the bonus for successful mercantilist economy. Yet, our politicians and our Davos elitist calculate to do just that.
We left the agricultural revolution long ago, indeed the Industrial Revolution is giving way to the digital revolution, an age in which one might ask how many coolies can a Chinese robot replace? The time will come when huge population masses will not be regarded as necessary for a Ponzi scheme called Social Security nor will it be regarded necessary for a healthy economy. Certainly, masses of people are more of a target in time of war than an asset. In a war that will be fought with satellites, drones and keyboards whole populations can be wiped out with the stroke of a key causing the sabotage of electric grids or water systems and millions to die.
As one who has striven all his life for the improvement of the breed, I have six kids, six grandkids and two great grandkids, it is clear that their challenge will not come because there are too few people but too many.
Thanks, nice buzzword rant.