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Man, more people should read Schumpeter. Capitalism is really good for rapid growth. The second the profit motive negatively affects the quality of the product

Man, more people should read Schumpeter. Capitalism is really good for rapid growth. The second the profit motive negatively affects the quality of the product or efficiency of its production a company should be nationalized to prevent the profit motive from destroying part of our economy (the actually-useful part, that is, not investors or shareholders or dividends).

Juliate 1y ago
But rapid growth is not necessarily _good_. Cancer is rapid growth.
- Rzor 1y ago
  That's exactly the point of his follow-up.
  - Juliate 1y ago
    My point is that capitalism, as a system, has to adapt to survive, either its own demise through rapid/unlimited growth (like cancer), either through its replacement by something else (public service or some other structure).