• @rah@feddit.uk
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    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).