That has been tried, but any shred of democratic process ends up giving way to collectivist control requiring a bureaucratic dictatorship. One can only conclude they are incompatible.
I don’t believe such a conclusion is forgone.
“Growth for whom”? Growth has proven valuable primarily to the wealthiest, who continue to demand more. Good luck with future squeezing as structural demographic declines are locked in.
https://english.kyodonews.net/news/2024/08/5e488d2474cf-japa... (Japan)
https://www.piie.com/research/piie-charts/2024/chinas-popula... (China)
https://www.bbc.com/news/world-asia-68402139 (South Korea)
https://www.cdc.gov/nchs/pressroom/nchs_press_releases/2024/... (US)