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>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 "market
by 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.