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The Honesty of Our Economy with Allison Schrager
What Could Go Right?
The Role of Economic Growth in Aging Societies
In the context of aging societies with shrinking populations, the question arises about the necessity of economic growth. While some argue against growth due to its harmful impact on the planet or moral implications, others point out that in a system with fewer people having fewer material needs, growth may seem unnecessary. However, it is highlighted that productivity and growth become crucial in such societies to prevent getting poorer, as they rely on efficiency and productivity increases to maintain prosperity.
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