176
We just need to get space travel going so we can ruin more planets. Then we only have to worry when the galaxy gets full.
not only does does the billionaire class expect infinite growth, they require infinite accelerating growth
It doesn't require infinite growth?
If it doesn't, perhaps you can get an answer from billionaires, private equity shareholders, and CEOs of big companies: how much money is "enough" for them?
Oh no, you can't, because all of them are focused on infinitely squeezing customers and workers to grow revenue.
Shareholders demanding ever increasing profits quarter after quarter is the definition of infinite growth. It's not enough that a company makes a hundred million dollars in profits quarter after quarter. That number has to keep getting bigger. So yes capitalism as it operates todau does actually require infinite growth.
So yes capitalism as it operates todau does actually require infinite growth.
Companies going bankrupt is also part of capitalism. Are those also infinite growth?
Does it require infinite growth adjusted for inflation? Because as long as you have a state printing money there will be inflation and if your profits don't keep up with it that means they're decreasing, not just constant.
Yes, because the shareholders want bigger returns on investment that the idealized ~2% rate of inflation.
this post was submitted on 21 Feb 2025
176 points (100.0% liked)
Late Stage Capitalism
957 readers
67 users here now
A place for for news, discussion, memes, and links criticizing capitalism and advancing viewpoints that challenge liberal capitalist ideology. That means any support for any liberal capitalist political party (like the Democrats) is strictly prohibited.
A zero-tolerance policy for bigotry of any kind. Failure to respect this will result in a ban.
RULES:
1 Understand the left starts at anti-capitalism.
2 No Trolling
3 No capitalist apologia, anti-socialism, or liberalism, liberalism is in direct conflict with the left. Support for capitalism or for the parties or ideologies that uphold it are not welcome or tolerated.
4 No imperialism, conservatism, reactionism or Zionism, lessor evil rhetoric. Dismissing 3rd party votes or 'wasted votes on 3rd party' is lessor evil rhetoric.
5 No bigotry, no racism, sexism, antisemitism, homophobia, transphobia, ableism, or any type of prejudice.
6 Be civil in comments and no accusations of being a bot, 'paid by Putin,' Tankie, etc.
founded 5 months ago
MODERATORS