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I've done a lot of thinking and reading on this subject, as I'm sure many other HN readers have. I've come to the same conclusion as the Vox article. I haven'
by caust1c 2y ago
I've done a lot of thinking and reading on this subject, as I'm sure many other HN readers have.
I've come to the same conclusion as the Vox article. I haven't found any compelling argument for how or why degrowth specifically would work.
Sure, I think it's toxic that individuals and corporations pursue growth at all costs, but currency is fundamentally a tool created to resolve debts and for that to work effectively must come with some incentives for allocation and payback.
Capitalism has brought the entire world out of poverty and enabled massive innovation at a global scale before most modern technology as we know it. It's the most efficient way to allocate needed resources as far as I can tell.
What I do think is urgently needed are 2 things:
1. Some way to incentivize local spending over global spending, and it's probably not tariffs due to easy loopholes and negative externalities. People have started to do this of their own accord because we can sense it is right and more just.
2. Find better, more general ways to encourage competition and prevent anticompetitive behavior in markets. Everyone here knows how much more efficient small groups of people can be relative to large organizations. How can we make anticompetitive behavior and market dominance harder in the general sense?
There aren't easy answers to these two problems, but it sure as hell isn't total deregulation with laissez-faire capitalism and it sure as hell isn't centralized planned economies and communism. It's obviously somewhere in between.