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Capitalism and market economy is all about degrowth. It's a system that tries to make same amount of stuff using less and less resources. Because of it, we get
by Geee 4y ago
Capitalism and market economy is all about degrowth. It's a system that tries to make same amount of stuff using less and less resources. Because of it, we get constantly more efficient, and can support a higher standard of living using less resources. It's a system where the most efficient survive.
Resource over-use is caused by government intervention. It's the governments who try to pump up their GDPs with various policies, which causes ever-growing consumption and resource use. They literally control the interest rates to get everyone to consume as much as possible.
- bowsamic 4y agoOnly in a restricted economy. If you allow people to have children, then you get runaway consumption
- Geee 4y agoIncrease in efficiency allows population to grow without using more resources. However, whether it grows is another question. Today, we are seeing a massive collapse in populations around the world, which is a huge problem and no one really knows the root cause.