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> The only reason there is a need for "economic growth" is for profit. Prove me wrong, please! How about you try visiting somewhere like North Korea, or some c
by logicchains 3y ago
> The only reason there is a need for "economic growth" is for profit. Prove me wrong, please!
How about you try visiting somewhere like North Korea, or some country in Sub-Saharan Africa, the countries which have had the least economic growth, and try to say with a straight face that economic growth doesn't make a difference.
>The statement that an "aging population could be a drag on economic growth" is really saying that capitalism cannot profit off of the elderly and that is a bad thing for stock holders.
To put it in simple terms, compare two situations: in one you're working to support just yourself and your father, in the second you're working to support both your parents and two grandparents. Obviously in the second one your standard of living is going to be worse, and as a society that's what it likes when the ratio of working to non-working people decreases.
- FollowingTheDao 3y ago> the countries which have had the least economic growth, and try to say with a straight face that economic growth doesn't make a difference. There is a difference between economic growth and strangling a county into poverty with sanctions (North Korea) or economic imperialism (Africa and the IMF). That is not economic stabilization. > Obviously in the second one your standard of living is going to be worse, and as a society that's what it likes when the ratio of working to non-working people decreases. You are confusing economic growth with economic stabilization. I am for the latter. The need for economic growth is based ion the need for a profit.