Earlier quoted context omitted.
There's no interest genie either. If no one can invest and earn returns on borrowed money, there's nothing to sustain interest. Inherited wealth isn't enough to sustain anyone but the rich. GDP only measures new wealth anyway, not preexisting wealth. You have to continue producing goods and services. In fact, most forms of accumulated wealth (currency, securities, real estate) are really just shares of these goods an…
I guess I wasn't clear enough. Lets break down the working population into categories: [unique skills - ceos, etc] X people [highly demanded skills - top class engineers, specialty surgeons, etc] Y people [regular required jobs - doctors, pharmacists, designers, etc] Z people [unskilled jobs] A people [unemployed] As the population decreases, the demand for each of the sets should decrease in proportion if per capita…
For engineers it's a supply side issue--we could productively employ many more engineers than we do, but it would take immense breakthroughs to have a population where everyone could be an engineer. That's what I meant when I said you'd have to selectively cull the unproductive. If you reduce the population, the remaining workers have to be more productive for per capita GDP to rise, and you still haven't shown that this would happen. It doesn't help if you only need 10,000 engineers when you can only produce 0.01 engineers per capita. You'd need this proportion to rise. How does lowering birth rates do this?
In other words--sure, you could probably have a very per-capita rich Galt's Gulch with only 1000 people. But reducing the population arbitrarily to 1000 people will not accomplish this.