Capitalism depends on growing global TFR and growing population. That's gone.
Capitalism was a SUPERB ride, gave us everything we have, but it can't work anymore. We don't have the population growth to make it work. We won't have it for the foreseeable future. For all we know, capitalism might be giving us both obscene wealth and absurdly low TFR.
Socialism, anarchy, communism, have always been worse than useless. Mercantilism stopped working in the mid-1800s.
We need a new paradigm. Maybe Trump's tariffs are it. I don't know. Now, make no mistake. I despise Trump as a human being. I have never voted for him and never will. Furthermore, if a politician were doing this, I would scream bloody murder. Politicians are empty-headed fools. They don't understand what they are doing half the time.
But Trump isn't a politician, he is a business man. He may not be likeable, but he isn't stupid and he is very experienced. He routinely negotiated huge deals with some of the biggest sharks in one of the richest countries in the world. For him, tariffs are not politics. If he implemented tariffs, it is part of a larger negotiation. He's playing a game. I don't know what the game is. And while I wouldn't trust Trump in many, many situations, if he's arguing the American side in a business negotiation, I trust him ahead of any politician.
Again, is he right in this? I still don't know. But what everyone is doing simply cannot continue. We no longer have population growth, or even people attempting to grow the population. This is not normal. Something has to change. The economics we have used up to this point cannot work.
The TFR is dropping, and no one knows how to fix it. Keep in mind, Christianity has been completely unable to assist with the problem. Christianity has been essentially moribund since industrialization came on the scene.
The Enlightenment was a reaction to the increasingly obvious failures of the Christian world view to explain reality. Christianity arguably created the scientific paradigm, but none of the religious structures in any culture have really survived contact with the scientific paradigm, and that includes Christianity.
Judaism birthed Christianity but became a postage stamp as a result. Christianity birthed the scientific paradigm and has become mostly irrelevant as a result. Islam, Hinduism, Buddhism, Taoism, Confucianism, Christianity - none of it works, not now. Capitalism has never been shown to work with a decreasing TFR. The social safety nets that capitalism and growing population allow cannot survive a dropping population. Once the social safety nets collapse due to population collapse, the economics will collapse along with it. Nobody knows how to fix this.
Going forward, for the next century at least, something will have to change. The economics, the TFR, the safety net, the work we do... something has to change. The status quo can't quo.