Because resources are finite, and already divided amongst older generations. It's a basic flaw in economy that the older folks don't want to talk about.
Because resources are finite, and already divided amongst older generations. It's a basic flaw in economy that the older folks don't want to talk about.
> Because resources are finite
Would you agree that civilization has more resources today than 50 years ago, 500 years ago, 5000 years ago?
Depends whether you're considering the total useful resources of Earth (diminishing, e.g. fossil fuels), or total accessible resources (increased by technology). Or either of the above per-capita...
Humans create resources that are more than the sum of their parts (i.e. inputs that we get from nature) all the time.
We transform raw materials and come up with ideas and combine things in new ways that are more than what earth provides.
We create wealth.
Except our resources are not so finite. At least in the first world, we have plenty of food for everyone. Grocery stores throw away millions of tons of food a year. We could use that food to feed people instead of letting it go bad, but instead children will go hungry "because a profit cannot be taken from an orange."
You're right though that there is a basic flaw in the economy that older folks don't want to talk about.