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> Slower growth, why is that a problem? That is still a growth. Capitalism increasingly consolidates the economy in the hands of the majority capital owners th
by unity1001 4y ago
> Slower growth, why is that a problem? That is still a growth.
Capitalism increasingly consolidates the economy in the hands of the majority capital owners that control most of the economy. For that reason, in order to have a society that at least has a semblance of being a functioning one, there must be growth to provide some wealth/income to the majority.
When a capitalist economy is no longer able to grow exponentially, it starts eating itself from inside.