3 ms·

Is capital growth the most important goal we should set for ourselves as a society?

• tiahura 3y ago
  An increase in productive capacity seems like a positive to me.
  • golemotron 3y ago
    Yes. That would've served Europe better too. Now they are in the embarrassing position of trying to regulate companies that aren't under their jurisdiction.
  • zlg_codes 3y ago
    There are reasons to live that don't include being exploited for profit.
    • ffgjgf1 3y ago
      So you’d rather be more poor and less productive (but still exploited) just so that corporations would have lower profits?
      • zlg_codes 3y ago
        I'd rather not be chained to serving humans at all, thanks.
        • ffgjgf1 3y ago
          Are you a robot?
• refurb 3y ago
  The EU taxes profits, and economic growth results in increased employment and the tax revenue from taxing wages. This contributes to tax revenue and hence things like healthcare, social welfare, etc. I don't necessarily agree with Singapore's approach, but Lee Kwan Yew made a speech that sums it up nicely... "The opposition [in Parliament] say we're obsess with profit. I said 'Of course! That's how Singapore survives!' What do you think pays for all this? [talking about public housing, healthcare, public education, etc] You make profit into a dirty word and Singapore dies."