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I posed that question of the reality of that infinite growth to my econ professor back in the day, and their response was that technological advancements have a
by katmannthree 6y ago
I posed that question of the reality of that infinite growth to my econ professor back in the day, and their response was that technological advancements have allowed it in the past and likely will through the future. The plan appears to be to throw money at problems as they come up and coast into the sunset on the current economic system without a serious long-term plan for when things break down.
Unfortunately as most people here are probably aware, throwing money at a problem doesn't always result in a viable solution. As more and more of the low hanging fruit of technological advancement gets picked we may be in for some interesting times.
- meroes 6y agoI think technology is only one way of expanding markets indefinitely, albeit one of the most beneficial when it happens. Unfortunately capitalism's need for infinite growth is nigh unstoppable and it always finds a path. If there aren't enough startups, technological advances, or similar we see things like private militaries, Banana Wars, buying elections, private prisons, over leveraging, etc. Capitalism has to have an outlet and we are at its mercy in that sense.
- sudosysgen 6y agoOr, eventually, capitalism has to end.