4 ms·
Corporations often need to grow just like countries (with their GDP, which normally leads to tax income growth) in order to outgrow their debt. They're also aff
by lazyjones 7y ago
Corporations often need to grow just like countries (with their GDP, which normally leads to tax income growth) in order to outgrow their debt. They're also affected by inflation and the resulting increase in costs. Our whole economic system is driven by debts, if we want to stop growth, we should first learn to live with deflation and then see what happens if we make debt-financing investments and expenses/consumption hard or impossible.
Logically, this would never work if other countries don't do the same.