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Have you noticed that when the economy isn't constantly growing, people start freaking out about it totally collapsing?
by CatWChainsaw 4y ago
Have you noticed that when the economy isn't constantly growing, people start freaking out about it totally collapsing?
- mgobl 4y agoNot sure I fully follow the critique (if it is one?). Productivity increases can yield GDP growth without additional resource consumption.
- CatWChainsaw 4y agoAs you quoted (skeptically): The concept of endless growth is a key ideological component of capitalism. What people (shareholders) want is more. Next quarter's profit ought to be more than last quarter's profit, forever. Why? Because more is better. More is the be all, end all. More, more, more. "Productivity increases" cannot keep this going... forever.