this post was submitted on 25 May 2025
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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.
You can’t bankrupt your children lmaoo just toss em in the wood chipper, or hand them over to the state. They won’t be leaving much behind but you can’t bankrupt your kids just by existing
Um. If I am old in a society that demands young people pay the expenses of old people (eg. Healthcare, housing, or interest on accumulated debt, then I can absolutely create a financial burden for my children. If we want to be pedantic, bankruptcy is the state of having financial obligations that you cannot bear. So, I can absolutely bankrupt my children.