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It is a large part of how people in the US make money. Most people have their retirements tied to the stock markets (401k, 403b, and other options are basically
by madman86 12y ago
It is a large part of how people in the US make money. Most people have their retirements tied to the stock markets (401k, 403b, and other options are basically just a huge collection of stocks, commodities, and bonds). If growth doesn't occur, the markets don't do as well and may even fall causing a LOT of people to take a hit in retirement funds.
- hnnewguy 12y ago>If growth doesn't occur, the markets don't do as well and may even fall causing a LOT of people to take a hit in retirement funds. It isn't just about "markets". There are actual businesses underlying those financial assets that require economic growth to expand, hire people, pay wages and provide an economic return to their owners (including shareholders).
- collyw 12y agoPatagonia outdoor clothing company recently announced they were aiming for no growth. http://www.greenbiz.com/news/2013/03/01/patagonia-founder-takes-aim-elephant-room-growth http://www.greenbiz.com/news/2013/03/01/patagonia-founder-ta...
- aranazo 12y agoIt is also a benefit corporation and thus insulated from normal business incentives.