Why does capitalism require infinite growth?If you have a succesful and stable business, what is it that makes you NEED to expand sales and increase profits other than your own want to?
>>18555274Someone else will come up with a better version of your business.
>capitalism requires infinite growthDoes it though? Did any of the first capitalist economists write or imply this?
>>18555672No. It's something marxoids hallucinated because "infinite growth in a finite world" sounds like "lightning strike in a mud puddle" to creationists.
>>18555274Because if others grow, that gives them a relative advantage. You have to compete to not get left behind.
Ford vs Dodge and its consequences on capitalism will be the end of it.
>>18555274> Why does capitalism require infinite growth?Debt.The monetary system is debt based.So banks simply create book keeping entries in your account. They just write it in as bank credit,The other side of this is the debt, and the debt pays the bank interest.You go to a bank and ask for a loan. $100They write $100 into your bank account.They create a new debt account -$100. You owe 7% on the debt every year as interest.If you expand this up to our entire economy, almost all the money we use was created from debt. Something like 99% of it.So to pay the interest on all this debt, the reality is that you have to take out newer, bigger loans.It HAS to grow.Think about what happens when you pay off a loan. you have $100 of credit and you have -$100 of debt.Pay the -$100 of debt with the $100 of credit and poof, all the money has vanished. No more economy.
