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I think this is somewhat naive. The growth mindset pervades the entire economy, and virtually everyone's interests are bound into it one way or another. Yes, o

I think this is somewhat naive. The growth mindset pervades the entire economy, and virtually everyone's interests are bound into it one way or another. Yes, of course there are people who prioritize lifestyle over chasing money. No one will debate that. But if those people's retirement plans are dependent on a 401k or drawing payments from a pension fund and not just cash savings, then they are amongst the growth-obsessed shareholders, whether they realize it or not.

gkoberger 3y ago
Yup, this was the point I was trying to make, and you made it much better. I think 99.9% of people have good intentions. But so much of everything we do depends on growth without us even realizing it.
MrMan 3y ago
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t_serpico 3y ago
To add on to this, unbridled capitalism also leads to more goods and services affordable for the average consumer. This makes the idea of taking a lower paying job appealing because you can still live a fairly comfortable life.
- paulryanrogers 3y ago
  Is it unbridled that accomplishes that? Before regulations and unions people worked more hours per week, even children, and were exploited to a criminal degree. Mostly the profits went to capital owners. Collective assets like the environment suffered. Progress was certainly made and highly visible, yet at great cost.
  - somsak2 3y ago
    > Mostly the profits went to capital owners probably not the best example, today this is much worse vs. during the early days of the Industrial Revolution
- blackbear_ 3y ago
  > more goods and services affordable for the average consumer The one key missing ingredient for this is competition. Without competition there is just a monopoly/cartel, leading to rent seeking behavior and products/services with too low quality and too high prices.
Brybry 3y ago
> The growth mindset pervades the entire economy, and virtually everyone's interests are bound into it one way or another. I agree with this but I think gkoberger's post was maybe edited? I believe the post I originally responded to was worded in a way that implied everyone individually was purposefully embracing a growth mindset (or I misunderstood). There's certainly no way to escape that all retirement systems in the US are based on growth. Even social security seems to rely on making more from interest than from taxes.

gkoberger 3y ago

Yup, this was the point I was trying to make, and you made it much better. I think 99.9% of people have good intentions. But so much of everything we do depends on growth without us even realizing it.

MrMan 3y ago

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t_serpico 3y ago

To add on to this, unbridled capitalism also leads to more goods and services affordable for the average consumer. This makes the idea of taking a lower paying job appealing because you can still live a fairly comfortable life.

paulryanrogers 3y ago
Is it unbridled that accomplishes that? Before regulations and unions people worked more hours per week, even children, and were exploited to a criminal degree. Mostly the profits went to capital owners. Collective assets like the environment suffered. Progress was certainly made and highly visible, yet at great cost.
- somsak2 3y ago
  > Mostly the profits went to capital owners probably not the best example, today this is much worse vs. during the early days of the Industrial Revolution
blackbear_ 3y ago
> more goods and services affordable for the average consumer The one key missing ingredient for this is competition. Without competition there is just a monopoly/cartel, leading to rent seeking behavior and products/services with too low quality and too high prices.

Brybry 3y ago

> The growth mindset pervades the entire economy, and virtually everyone's interests are bound into it one way or another. I agree with this but I think gkoberger's post was maybe edited? I believe the post I originally responded to was worded in a way that implied everyone individually was purposefully embracing a growth mindset (or I misunderstood). There's certainly no way to escape that all retirement systems in the US are based on growth. Even social security seems to rely on making more from interest than from taxes.