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> > The entire economy is based on the idea of never ending growth > I hear this a lot. As far as i know it's not actually true. Is there anything specific in
by nordsieck 7y ago
> > The entire economy is based on the idea of never ending growth
> I hear this a lot. As far as i know it's not actually true. Is there anything specific in orthodox economic theory that requires never-ending growth?
I think a charitable interpretation of this claim is: people's planning (which is usually limited to the short term, when it happens at all) typically assumes the optimistic case.
This is certainly true for everyone who lives paycheck to paycheck.
It's also true for companies who survive on a revolving line of credit to fund longterm operations.