Aging population

Some people like to worry about an aging population.  Here is an article about projections that the Japanese population will decline by one-third.

The fear is that as the proportion of older people increases the burden of supporting them will fall on decreasing numbers of younger people. The easy answer is that this burden should not be too great thanks to technology which has improved tremendously over recent years and which many continue to improve.

A more difficult answer is that for all of us, and especially those of us who are retired, our well-being depends upon the ratio of population to goods and services produced and our ability to lay claim to those resources.

As there is some evidence the ability to produce goods and services throughout the world is declining there may well be declining standards of living for all of us.

In my essay “LETS go to market: Dealing with the economic crisis” which is a part of this weblog I try to show one way we could organize our economy to minimize the suffering from a declining economy.

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