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> What is the end result of growth that makes societies "better"? The need for constant economic growth is just a side effect of how a capitalist economy works
by xlpz 15y ago
> What is the end result of growth that makes societies "better"?
The need for constant economic growth is just a side effect of how a capitalist economy works. That's why they all go into deep shit when growth slows down too much or stops. Nothing good or bad per so about it, in my opinion (although the improvement of productivity has obviously some positive effects).
- jl6 15y agoA lot of capitalists also promote growth, but growth is not a necessary condition for capitalism.
- xlpz 15y agoIt's a necessary condition for a functioning capitalist economy. I can go into more details if you want, but the fact that the key economic indicator is GDP growth and that all economies go into turmoil when growth approaches 0 should tell you that this goes beyond the opinion of a bunch of people. It's an emerging effect of the rules of capitalism.