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this post was submitted on 21 Feb 2025
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Late Stage Capitalism
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not only does does the billionaire class expect infinite growth, they require infinite accelerating growth
So, can someone tell us about an economic system that does not require unending growth?
For extra irony, this explanation should come from one of those people who say that predicting economics is BS and that it's too complex for anyone to understand.
FFS y'all, this isn't the grand revelation you think it is. I figured it out on my own at 19, before the internet existed to tell me what to think. This was about the same time that I figured out that prices will always go up, never down.
So, can someone tell us about an economic system that does not require unending growth?
Literally any local business in a town (if it hasn't yet been absorbed by large, country-wide companies)
I keep telling people SUPPORT LOCAL BUSINESSES in your area, not the big companies
Economies of scale let you buy shit for cheap. Much like the device you posted this on. Or did you roll your own device from scratch?
And start questioning any business as soon as they start shit with private equity
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.
So yes capitalism as it operates todau does actually require infinite growth.
Companies going bankrupt is also part of capitalism. Are those also 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.
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.