To continue the economy of 24/7 consumption and production and the ever-increasing population could not be sustained on this planet. The modern capitalist economy, emphasizing market competition and GDP growth established by Adam Smith in the 18th century, no longer applies in the 21st century. The current system cannot support an inverted population pyramid due to aging and cannot sustain the environment.
Have you heard of the “Doughnut Economy,” a new economic model? Proposed by Oxford University economist Kate Raworth, it visualizes an economy using a doughnut shape, not purely capitalist or socialist, aiming to break away from traditional growth dependency and build a society where everyone lives happily within our Earth’s limited resources. It is a global economic model focused on achieving an equal society without destroying the natural environment, allowing everyone to prosper. It advocates for labor reform, emphasizes work-life balance, strengthens childcare support, and assists in balancing parenting and work.
Additionally, anti-aging medical care and social services enable elderly individuals to work healthily for a long time. By enhancing caregiving support through AI and immigration, it is possible to create a future for an aging society where the burden on younger generations is minimized.
The era of competition and consumerism is over. The artist painted this piece hoping for a society where everyone on Earth helps one another.
