As all democracies—including the United States become old and stagnant, the inherent and unsolved problem of democracy's political economy is exacerbated:
The old will continue to vote away the future of the young.
Democracy’s functionality might have been a strange artefact of the immense demographic expansion of the 19th and 20th centuries, where ever more young people combined with rapid technological leaps in many different fields between 1870 and 1970.
The old will continue to vote away the future of the young.
Democracy’s functionality might have been a strange artefact of the immense demographic expansion of the 19th and 20th centuries, where ever more young people combined with rapid technological leaps in many different fields between 1870 and 1970.