3 ms·
I think its important to recognize that right at the top of the capitalist pyramid, where the money is all ultimately flowing, is people. And people, unlike com
by jay_kyburz 4y ago
I think its important to recognize that right at the top of the capitalist pyramid, where the money is all ultimately flowing, is people. And people, unlike companies, can do whatever they like with their money. They don't need to grow or die at all.
They can choose to spend it on fixing our societies problems, or they can piss it away on Champagne and Caviar.
- chaostheory 4y agoThat’s not true due to the system and its forces like inflation. Mix in our social safety nets and you’ll realize that our mixed economies are highly reliant on growth unless you want to end social security, Medicare, and (for non-US developed nations) universal healthcare. You still need growth even if you’re not “pissing it all away on champagne and caviar” ie the proportion of working, taxable adults needs to greatly outnumber retired senior citizens who keep living longer and longer, while couples keep having less and less children