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US Politics 3w
Endless growth is literally impossible. Capitalism is doomed to fail.
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17
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Anonymous 3w

Not sure the premise is true.

upvote 3 downvote
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Anonymous 3w

Capitalism is no longer the primary economic structure. We live in techno-feudalism, not capitalism.

upvote 2 downvote
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Anonymous 3w

Eventually yes. Technology and the population are still expanding though and presumably tech will be growing for the next 100 years. Certainly there are flaws, such as stakeholders forcing companies to reduce employee salary for sake of a profit margin. Globally though it seems… like we will survive.

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Anonymous 3w

Not only is this not true, because economic growth is not dependent on material resources, but even if it was it would still be a silly argument. If someone takes a cup of water from the pacific ocean, no one worries about it drying up. It’s possible for something to be finite but vast.

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Anonymous replying to -> #3 3w

this is a joke right?

upvote 2 downvote
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Anonymous replying to -> #2 3w

climate catastrophe 🧑‍🦯🧑‍🦯🧑‍🦯

upvote 1 downvote
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Anonymous replying to -> #3 3w

“Well REAL capitalism hasn’t been tried”

upvote 4 downvote
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Anonymous replying to -> #2 3w

Endless growth at the rate desired by shareholder is impossible. Even a slow in growth is seen as catastrophe. Industries can only get so efficient, and the desire for endless growth is stunting us.

upvote 1 downvote
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Anonymous replying to -> #5 3w

Why not?

upvote 1 downvote
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Anonymous replying to -> OP 3w

I don’t disagree. Without strong regulations, it’s been shown that corporations will lie, cut corners, scam, underpay/overwork employees, etc. Especially so with private equity which just will gut a company and then sell it off without actually improving anything

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Anonymous replying to -> OP 3w

No joke at all. Capitalism died. It morphed into techno-feudalism.

upvote 1 downvote
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Anonymous replying to -> #6 3w

Not to mention that free enterprise isn’t even dependent on economic growth. Growth is preferable in every economic system, but the basis of our system is property rights not growth.

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Anonymous replying to -> OP 3w

It’s an extreme - The theory of infinite smallest. Just came to mind when I read OPs post.

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Anonymous replying to -> #6 3w

Oh, the basis of our system isn’t endless growth? Great. I’ll tell the stock market. I’m sure they’ll be so relieved to hear that they no longer have to crash the economy every time economic growth slows by 0.1%. It’s clear you don’t understand what I’m referring to. Endless growth is, technically, inevitable. But I’m referring to the desire for endless increasing growth in every sector in every company. And that’s impossible. Some industries can only get so efficient.

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Anonymous replying to -> OP 3w

Maybe you should clarify what you’re talking about first. You’ve called endless growth both inevitable and impossible.

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Anonymous replying to -> OP 3w

You’re mixing up investor expectations with the foundation of capitalism. Property rights and voluntary exchange exist whether the Dow is green or red. The stock market doesn’t collapse every time GDP growth slows, and capitalism isn’t synonymous with the market anyway.

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Anonymous replying to -> OP 3w

No one expects every company to grow forever. Some plateau, some die, new ones replace them. Churn is a good thing. Capitalism didn’t collapse just because blockbuster or the zeppelin industry failed. Plenty of companies turn a profit without growing at all. Dividend stock is extremely common.

upvote 1 downvote