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>Cut the infinite exponential growth bullshit This a byproduct of a much larger issue that affects all faculties, not just the tech sector. This won't change u
by incahoots 3y ago
>Cut the infinite exponential growth bullshit
This a byproduct of a much larger issue that affects all faculties, not just the tech sector. This won't change unless we as a nation choose a different economic model.
- kelseyfrog 3y agoThis is synonymous with the end of the world.
- Obscurity4340 3y agoIsn't like the collective world economy essentially a Ponzi scheme or something?
- imtringued 3y agoUmm. The line between compound interest and simple interest is both larger and smaller than one would expect. The thing that capitalists get wrong is to simply project the present into the future, forever. Let's say you get 30% returns in 10 years, that is 2.65% interest. But we might be talking about a one time investment that only existed for those ten years. What happens before and after can diverge arbitrarily. Meanwhile a capitalist would just keep projecting 2.65% interest into all eternity, giving ridiculous numbers within 1000 years. The thing about simple interest is that it gets consumed. No exponential growth necessary.