Iron Law of Bureaucracy: the downwards deletionism spiral discourages contribution and is how Wikipedia will die.
Wikipedia will still exist. The corpus is too huge and valuable to rot easily. A system can decline without dying. MySpace still exists, and there is no reason Wikipedia cannot be MySpace—useful for some purposes, a shell of its former glory, a major breakthrough in its time, but fundamentally bypassed by other sources of information. I don’t know what the Facebook to Wikipedia’s MySpace is, but the Internet survived for decades without Wikipedia, we’ll get along without a live Wikipedia. Even though it is a huge loss of potential.
Haha. Like “MySpace”. “Myspace is still around”.
I’ve always been sympathetic to this argument, but the debate was shut down decades ago.
If the reason for having a notability standard is to have enough people who are interested in reading and editing an article, then maybe the latter should be the actual rule. When an article is no longer current because too few people care, it is deleted. Might work better than trying to predict which articles may fail in future.