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this post was submitted on 21 Feb 2025
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Late Stage Capitalism
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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.
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.
Companies going bankrupt is also part of capitalism. Are those also infinite growth?
Uhh, have you never worked for a corporation before? Every quarter profits must go up.
I have! Even worked at companies that went bankrupt. Sometimes profits go up, sometimes they don't. Both are part of capitalism.