slapass

Does anyone see a way for the industrialized nations to avoid bankruptcy? Health care and retirement costs will soon eat up the entire the budget of most Industirlized nations. The baby boomers are retiring so we will have less workers and more retired people witha huge social burden.

https://www.nationalpriorities.org/b...-101/spending/

We would have to cut defense to zero just to survive.

Paul Markham

There are ways but good luck to governments imposing them. The main reason for the huge growing deficits are the drop or stabilisation of earnings, the rising costs of government and the way large corporations pay their taxes.

So unless we stop buying in and get Western workers back in well paying jobs or in work and off benefits were doomed.

But you've seen nothing yet, wait until automation starts to put good jobs in jeopardy. Companies won't employ people if a machine does it cheaper.

https://bigthink.com/paul-ratner/a-n...robots-by-2030

https://www.fastcompany.com/3067279/...aced-by-robots

Who will buy traffic when a computer can handle it better?

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