Malthusian nonsense. I wrote about why Malthusians are always wrong:
No, Tainter; and historic fact. Diminishing return on additional investment in additional complexity until the tipping point (vulgo:the end of the society).
That is socialism debt capital, not knowledge work capital. You conflate the problem with the solution.
You don't understand the role of debt. Debtless humans don't suffer from productivity gains. Debtless humans in the rain forests nearly live still the same life style as 100'000 years ago.
Productivity increase and output increase is the result of tax/tribute and its derivative: the debt/interest.