It is a pyramid scheme. We have an economic system based on continuous growth. When it doesn’t grow, it’s a huge panic, such as during the pandemic or 2008 economic crisis. Now the number of workers and consumers, the base of the whole system, is starting to shrink and nothing much van be done without changing the essence of the system.
Of course those that became rich and powerful because of the system don’t want to change the system that keeps them rich and powerful. But without change the system might not survive.