Aging is inevitable - even Conservatives acknowledge this - check this link for details.
http://sustainablesociety.com/population/aging#.WRBbdNy1uUk

Japan has a very high level of equality and social cohesion while Canada's has been declining for 50 years.   Endless economic growth is impossible but if the size and growth rate is your metric, a balanced society looks like armageddon.  

To the rest of us, high levels of equality, high quality jobs, low unemployment, fiscal balance and environmental sustainability looks like a progressive society.

Cheers,
John Meyer