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Most economists think infinite growth in a finite world is a good idea. Companies reinvesting in themselves and growing bigger is not inherently a good thing.
by permo-w 5y ago
Most economists think infinite growth in a finite world is a good idea. Companies reinvesting in themselves and growing bigger is not inherently a good thing.
Large corporations, in my opinion, are already causing the breakdown of local societies. Deals are done over large areas, less and less people are in control of their own fates. More and more externalities are caused as business leaders are more detached from the realities of their actions. Wages for workers are lower as more needs to be paid to management, and profits get used for stock-buybacks rather than bonuses and higher wages, to please shareholders rather than workers
- JamesBarney 5y ago> Most economists think infinite growth in a finite world is a good idea. Most economists thing growth and raising people's incomes is a good idea. Capitalism seems like a pretty good deal. Are there any other governments or societies you would think it would benefit the U.S. to switch to?
- permo-w 5y agoI can name 5 without even putting 10 seconds' thought into it
- JamesBarney 5y agoAnd those 5 are?
- slibhb 5y agoThey're all magical kingdoms that exist in his head
- permo-w 5y agoimagine getting downvoted for saying this...
- permo-w 5y agoGermany, Sweden, Denmark, Finland, Uruguay I could name 5 more too
- JamesBarney 5y agoThose are all capitalist countries.