So Sweden, Denmark and Norway have stagnated and declined? Can you be more specific?
More generally, Malthus had much more historical support for his thesis (that population would quickly grow to consume all the food available). But the rules changed.
There is no ultimate conclusion to Capitalism, the system continues to create more prosperity, and capital continues to seek higher forms of productivity and profit, which perpetually raises the standard of living for any nation that deploys Capitalism with its well understood requirements (which include a strong judicial system, property rights, et al). New innovations and breakthroughs perpetually lead to new industry and expansion, creating perpetually greater numbers of jobs (which is why America doesn't only have 500,000 jobs available today; and America isn't even a properly functioning Capitalist nation, it's a poorly functioning highly regulated mixed economy).