this post was submitted on 10 May 2025
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No. Economic growth under capitalism is the problem. Capitalism requires infinite growth on a finite planet, and this is what got us here in the first place. So this is not a sustainable economic system.
Completely agree. That one was a terrible take.
Growthism is a de-facto religion IMO. The obsession with this weirdly abstract indicator is obviously irrational.
In a liberal democracy, it hypothetically should allow for increased economic mobility, by making "new money" available to people to make their riches. As others have said, this is unsustainable in a finite system.
Another way to allow for economic mobility is to free up some of the "old money" back into the economy.
There are many ways to accomplish this.