• TheLastHero [none/use name]
    link
    fedilink
    English
    217 months ago

    a capitalist society without growth is a failed society that will quickly be overthrown. It absolutely depends on growth, what incentive is there to invest capital otherwise?

    • @rah@feddit.uk
      link
      fedilink
      English
      0
      edit-2
      7 months ago

      It absolutely depends on growth, what incentive is there to invest capital otherwise?

      You’re conflating growth of particular capitalists’ wealth, “profit”, and growth of the entire economy. Capitalism’s goal is profit but profit doesn’t depend on growth of the entire economy. There are capitalists who profit even while the economy shrinks.

      OP’s meme was referring to growth of the economy, not profit. Again, capitalism doesn’t depend on growth (of the economy).