Mass democracy is delaying an inevitable economic crisis by relying on decades of what some experts call "human quantitative easing," according to a recent analysis. This approach prioritizes short-term political gains over sustainable welfare reforms, making significant structural changes politically unfeasible.
The analysis suggests that without perpetual economic growth, the current model may collapse under its own weight. As governments continue to postpone necessary reforms, they risk facing a civilizational "Ponzi scheme," which could lead to severe repercussions for average citizens. Economists warn that this strategy lacks a clear plan for the future, raising concerns about long-term stability.
Historically, political leaders have often opted for immediate relief measures rather than tackling deep-rooted issues. This trend has been evident in recent developments, such as the ongoing debates surrounding President Biden’s 2024 campaign, which some critics, including Vice President Kamala Harris, have labeled "reckless" in light of these economic concerns. Previous reports indicate that such political maneuvering may further complicate necessary welfare reforms.
As the pressure mounts, the implications of this delayed crisis could affect millions of citizens in the coming years. Without significant changes to current policies, experts warn that the consequences of postponing necessary economic adjustments will ultimately be felt across all layers of society.
