I am talking about that exact point - "not much goods or services that you can store for more than a year" and elaborating why that is an important thing to understand. The point of the GP was that the goods and services consumed by those that don't work have to be provided by those that do. A lot of people don't understand this because individuals can save through money and other financial instruments almost as though they are storing goods and services that can be consumed in the future.
But this analogy fails at a larger scale - an entire generation can't just save up enough while they work and expect to be provided for in retirement because what they saved up are just claims on future production - their consumption still has to come from the production provided by future generations. Their claims cannot and will not automatically cause the excess production to occur.
Now this is a purely hypothetical problem and we're arguably in a world with the opposite problem (too much productive capacity, too many people trying to save and not enough demand). Though arguably even this problem is due to too many people to save up to prepare for the other scenario, decades before it happens.
But this analogy fails at a larger scale - an entire generation can't just save up enough while they work and expect to be provided for in retirement because what they saved up are just claims on future production - their consumption still has to come from the production provided by future generations. Their claims cannot and will not automatically cause the excess production to occur.
Now this is a purely hypothetical problem and we're arguably in a world with the opposite problem (too much productive capacity, too many people trying to save and not enough demand). Though arguably even this problem is due to too many people to save up to prepare for the other scenario, decades before it happens.