In reality, their policies would deliver less production, less investment and fewer opportunities. That is managed decline, not prosperity. It will make all societies poorer, Vance Ginn warns.
The Piketty-led model would push rich countries toward output of roughly €60,000 per person, or about $69,000, by 2100. It would hold annual per-person growth in wealthy regions near zero. That figure requires context.
US GDP per capita was about $89,962 in 2025. The proposed level is about $21,000 lower, or roughly 23 per cent below current American output per person. GDP per capita is not the same as a worker’s salary. It measures the total value produced in the economy divided by the population. For another comparison, personal income per capita was running near $77,800 in early 2026.
Not content to slow some distant, future excess, the plan envisions an America that produces less than we do today. The model would also cut annual work hours by more than half, shifting labour away from construction and manufacturing. As Veronique de Rugy notes, “a comprehensive programme for global managed decline … making everyone poorer” isn’t just a likely forecast – it’s the plan’s whole design.
But building fewer homes will not solve a housing shortage. Making fewer goods will not make necessities more affordable. Restricting work will not help families trying to move ahead....<<<Read More>>>...