Upcoming Issues with Providing Adequate Retirement Income in the West
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Over the years, on a previous blog, I wrote many articles about how the West has no worthwhile future. While some might see this as wishful thinking, my analysis was based on multiple converging trends from very low fertility rates and technological stagnation to deindustrialization and concurrent financialization of their economies. My point was, and still is, that the large number of adverse trends is beyond coping ability of any society, let alone one which was already on a long-term downward path. While many of my previous posts on this area focused on certain specific issues such the widespread loss of institutional competence, extensive social atomization, rise of secular doomsday cults such as environmentalism, spread of neoliberalism etc, I have yet to address one specific issue (at least directly) and this post will fix that issue.
Upcoming Issues with Providing Adequate Retirement Income in the West
Upcoming Issues with Providing Adequate…
Upcoming Issues with Providing Adequate Retirement Income in the West
Over the years, on a previous blog, I wrote many articles about how the West has no worthwhile future. While some might see this as wishful thinking, my analysis was based on multiple converging trends from very low fertility rates and technological stagnation to deindustrialization and concurrent financialization of their economies. My point was, and still is, that the large number of adverse trends is beyond coping ability of any society, let alone one which was already on a long-term downward path. While many of my previous posts on this area focused on certain specific issues such the widespread loss of institutional competence, extensive social atomization, rise of secular doomsday cults such as environmentalism, spread of neoliberalism etc, I have yet to address one specific issue (at least directly) and this post will fix that issue.