It’s not caused by capitalism but exacerbated by it. The ratio of workers to retirees in 1960 was 5.1 to 1, it’s now 2.1 to 1. Sure if capital wasn’t extracting excess value maybe we could be fine at 2.1 to 1 but I doubt we would be at .5 to 1. At some point it becomes an issue
It’s not caused by capitalism but exacerbated by it. The ratio of workers to retirees in 1960 was 5.1 to 1, it’s now 2.1 to 1. Sure if capital wasn’t extracting excess value maybe we could be fine at 2.1 to 1 but I doubt we would be at .5 to 1. At some point it becomes an issue