Greenspan: Productivity Can't Sustain Entitlements

The video discusses global economic challenges, highlighting the deterioration in living standards and political unrest in various regions, including the UK and the US. It examines the fiscal issues arising from aging populations and the impact of entitlements on economic growth. The video also explores the dynamics between savings, entitlements, and investments, emphasizing the need for policy adjustments to address these challenges.

What are the symptoms of the deterioration in living standards mentioned in the text?

Why is it politically difficult to discuss the issues mentioned in the text?

How does the aging population contribute to fiscal problems in developed countries?

What potential solutions are suggested for addressing the issues of productivity and entitlements?

What is the relationship between entitlements and gross domestic savings as discussed in the text?