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I am asking about this https://theportal.wiki/wiki/Embedded_Growth_Obligation https://theportal.wiki/wiki/Embedded_Growth_Obligation

• Pfhreak 6y ago
  Let me do some reading and get back to you!
  • Pfhreak 6y ago
    Ok, my brief reading suggests the thesis is that everyone wants to be at the top, but to grow the number of people at the top you must grow the number of people below that by some larger number. For example, a manager earns more, people want to be managers. Only way to get more managers is to grow and get more workers. Now you have even more people who want to be managers. It's an interesting idea, and sort of a novel (to me, at least) framing of the ideas behind a ponzi scheme or keeping up with the Joneses or the American dream (that we could all be millionaires). It also seems to be the natural order for the capitalist economy, if I understand the thesis correctly. ( Capital must beget capital, else no one would invest. As more people invest, we must grow to sustain the growth in capital.) I need to think about it a bit more, but it seems to me that the theory assumes the actor is a solipsist or predominantly interested in their own self. I'm not sure that's necessarily axiomatic in American culture. Thanks for sharing the concept, and feel free to offer suggestions or corrections where I misunderstood it.