Yes. Yes it can.

Ever wonder how it is that the ratio of pensioners to workers has already increased dramatically compared to 50 years ago and yet there’s about enough food, housing and care produced today? It’s through dramatically increased producrivity of labour. Much fewer people can produce what the economy needs. So much so that we can even afford to sustain very large, mostly useless economic sectors like finance. We can even afford an ever growing oligarch class with private jets, yachts with smaller yachts for those yachts!