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An economic system whose main premise is infinite growth is unsustainable.
by holomorphically 5y ago
An economic system whose main premise is infinite growth is unsustainable.
- angelzen 5y agoAt some level what you say rings true. This is the old and true Malthusian observation. There is malaise in the air, the current cycle has run its course. But. Look at the mighty fir. Every year, thousands of seeds spread into the the wind. The vast vast majority of the seeds will die before germination or soon thereafter. Perhaps a handful will find favorable conditions to mature and repeat the cycle. This is life. A fragile and unforgiving process fundamentally reliant on perpetual growth, only constrained by available resources. This begs the question: is a neutered economic system not predicated on growth anything but moribund? The history of the XX-XXI centuries concurs. Every attempt at a non-capitalist system has led to economic death. People have survived by creating alternative black markets, yearning for the day the system will finally collapse. This is not to say that Wall Street or Silicon Valley capitalism are the end all of economic organization. It is just a push back on communist resentful imbeciles (looking at you, The Guardian) that are more than willing to throw the baby with the bathwater, just so they can finally turn society into a grotesque marionette show with them in charge.
- holomorphically 5y agoThere is nothing wrong with markets. The issue is with an economic model that assumes continued growth of GDP by ignoring all negative externalities.