​The reason progressivism is dying in charts.

"A Total Game Changer" - From Over-Population To De-Population

The problem is too many old people, and not enough young, in the progressive system which is dependent upon a large and increasing young population to pay for the oldsters.

The progressive system became a Ponzi during the 1980s in Japan, the 1990s for Germany, and most of Europe, including East Europe, and Russia, soon in the US, and within the next few decades in China. 

"CONCLUSION

An economic and financial system premised on perpetual growth was bound to run into trouble (what do you do when you have taken a wrong turn?...apparently just keep going!).  The inevitable deceleration of population growth was the trigger that turned central bankers into pushers offering ever cheaper credit.  The lower rates drove unsustainable rates of consumption absent even further rate cuts and likewise drove overcapacity which likewise needed even lower rates.  But negative rates of NIRP are simply no longer under the heading of capitalism (a market that doesn't value capital likely isn't capitalism?!?).  When we've clearly changed "ism's"...we've crossed the Rubicon.

What happens as population growth turns to population decline is honestly and literally a complete and total game changer.  A flat to declining number of buyers and consumers opposite ramping elderly sellers plus their unfunded liabilities is a problem with no happy resolutions.  Currencies (what will constitute "money"), "free-markets", and perhaps the basis of civilization hang in the balance of the transition from high population growth to potential outright depopulation.

I believe this is the correct lens through which to view and understand why growth is perpetually weakening, why commodity overcapacity and slowing demand will only accelerate, why the Treasury market continues to see "buying" despite the near total absence of buyers (Treasury Mystery), why equities are a "buy" (but for all the wrong reasons), and why precious metal valuations are so extremely suspect in the face of a monetary onslaught. "

We need a new model which will allow us to find a new way forward economically based on these changes. The ownership economy, and the Third Way offer some good ideas, as does the economic reformation going on in both Sweden, and Germany. All of our socio-economic systems are poorly designed for the problems we face today, welfare is a disaster tying the poor to poverty, Social Security, Medicare, and the other oldster safety net no longer is functional, due to the massive cost overhang. All of these and our tax code must be reformed to meet our needs going forwards, this will require a new socio-economic model.

The essential elements of this are republican governance, free markets, reformed religions, limited government power, and personal ownership of assets. What this will look like precisely is anyones guess.