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> a compulsion to demonstrate the possibility of unending growth which is, frankly, impossible It's only confusing when seen from the bottom. The purpose of gr
by smallmancontrov 3y ago
> a compulsion to demonstrate the possibility of unending growth which is, frankly, impossible
It's only confusing when seen from the bottom. The purpose of growth, seen from the perspective of the wealth-weighted-people served by capitalism, is to deliver a return on capital, to pay them for being rich in proportion to how rich they are. It's possible for everyone to win if the growth is real, but in a pinch fake redistributive growth will work (see: Cantillon pump). In either case, the expectation of growth rationalizes the outcome and the pulling of any policy levers needed to get there.