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this post was submitted on 12 Jul 2023
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Only two kinds of people believe in infinite growth; economists and psychopaths.
But you repeat yourself :)
Infinite growth is cancer's credo.
So we're going with an ad hominem attack instead of engaging in good faith?
Pretending like capitalism is this new concept that needs to be fully explored and debated before we understand that it's bad is a pretty bad faith framing of the issue. Infinite economic growth is literally impossible because Earth has finite resources and there is a finite number of humans. There is no necessity or imperative behind infinite economic growth other than to make the ruling class richer at everyone else's expense.
This has nothing to do with capitalism. And my source explains how infinite growth is possible. Consuming the resources of a finite system is not the only factor that goes into economic growth.
I would say just generalizing capitalism as 'bad' is also not in good faith. It is not without issues, and letting it be completely unrestrained would probably be disastrous. But no other economic system has lifted more people out of abject poverty or driven technological innovation as hard. There are benefits.
There's the old "more people were in poverty before capitalism" argument.
Did capitalism bring people out of poverty? Or did access to education, healthcare, social safety nets, and proper food bring people out of poverty? Where I live, capitalism is what's driving people into tent cities.
How does one person controlling the capital in an area, help other people if they're gatekeeping the economic prosperity from by forcing them to perform labour, at a disproportionately low rate of recompense, to help them (the capital owner) increase their net worth? Don't even say trickle down economics or I'll deck you.
It's an old joke.
Ah, I hadn't heard that one before. Sorry if I got too defensive.
When the money supply grows infinitely then everything priced in it has to grow infinitely
Maybe capitalists instead of economists? 😂
Capitalists are behind the most prelavent economic school (neoliberalism) today—just look at the history of the "Chicago school". I doubt the capitalists themselves believe that BS, but it's profitable for them to make the rest of the world to believe it.
I highly recommend evonomics.com, some rally good essays on there about the cult-like economic beliefs of today. Written by economists who've seen through the BS.
Thanks for the rec, I’ll check it out