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Read an article recently here on Hacker News that with capitalism being based off the notion of growth, and many places experiencing a stall in population growt
by abhiyerra 7y ago
Read an article recently here on Hacker News that with capitalism being based off the notion of growth, and many places experiencing a stall in population growth there essentially won’t be new consumers for capitalism to work since there won’t be new growth and might actually be diminishing growth.
Also wonder if that is why all those companies signed that letter today saying that shareholder value isn’t paramount. Maybe it is acknowledged that growth can’t happen forever because it can’t.
- dnautics 7y agoIs capitalism based off of the notion of growth? Surely, contemporary capitalism is, as enforced by inflation and an interest-driven central banking regime; but there have been other capitalist eras (e.g. much of 19th century Sweden) where growth was not an inherent part of capitalism
- zeristor 7y agoThis sounds like an invitation to AI consumers, Douglas Adams talked about clones to buy things culminating in the shoe event horizon. However connect up some AI’s with bitcoin and a penchant for personalising their avatar funded by web extortion and you’ve got something which is far more buzzword compliant.