3 ms·

Therein lies the rub: infinite growth cannot be sustained in any finite system. This fosters an environment where real value & perceived value diverge and ballo

• jventura 10y ago
  Infinite growth is possible and it is what our societies aim for. But, in its deepest, it is a pseudo-growth, because prices rise, but eventually salaries must eventually rise again to match the prices.. So, in the end, everything gets back to the same relative levels!
  • dredmorbius 10y ago
    That isn't growth -- real increase in wealth, as Adam Smith defines it ("the annual labour and produce of the Nation"), or as mismeasured to a lesser degree by GNP / GDP -- but monetary inflation.
  • roschdal 10y ago
    Some research finds that growth has limits: https://en.m.wikipedia.org/wiki/The_Limits_to_Growth https://en.m.wikipedia.org/wiki/The_Limits_to_Growth
  • tunap 10y ago
    I concur, it is what developing economies strive for and what developed(sic) economies strive to maintain. Anything is possible, it is the methodology that provides the results(good & bad). This philosophy has been the acme of societal success since blood-letting was believed to be a cure all & the earth was thought to be the center of the universe. The tangible reality is, higher & higher margins are required to achieve that growth. Whether this is achieved by tech, innovation, exploitation or inflation is moot, what is certain is always more has it's costs & limits.