Why does the economy need to continue to grow, especially in countries such as Japan where population is declining?

Question

Why does the economy need to continue to grow, especially in countries such as Japan where population is declining?

In: 56

Answer 1

It doesn’t have to per se, it’s just not terribly pleasant if it doesn’t. Most of human history there was negligible growth economy. Your grandfather was a fisherman? Means your father is a fisherman, you are a fisherman, your son will be a fisherman etc, forget social mobility. Without change and growth, there are few opportunities and those that exist are at expense of somebody else.