334
submitted 8 months ago by yogthos@lemmy.ml to c/socialism@lemmy.ml
you are viewing a single comment's thread
view the rest of the comments
[-] rah@feddit.uk 0 points 8 months ago* (last edited 8 months ago)

It absolutely depends on growth, what incentive is there to invest capital otherwise?

You're conflating growth of particular capitalists' wealth, "profit", and growth of the entire economy. Capitalism's goal is profit but profit doesn't depend on growth of the entire economy. There are capitalists who profit even while the economy shrinks.

OP's meme was referring to growth of the economy, not profit. Again, capitalism doesn't depend on growth (of the economy).

[-] blakeus12@hexbear.net 6 points 8 months ago

... ok? and? a system that requires infinite profits in a finite world is still stupid as fuck

[-] rah@feddit.uk -1 points 8 months ago

So you're saying stupid is bad?...

[-] blakeus12@hexbear.net 7 points 8 months ago

when it comes to an entire economic system that has the final say on how EVERYBODY ON THE ENTIRE PLANET LIVES THEIR LIVES FROM START TO FINISH?

yeah it's fucking terrible

[-] rah@feddit.uk -1 points 8 months ago* (last edited 8 months ago)
[-] blakeus12@hexbear.net 5 points 8 months ago
[-] rah@feddit.uk 0 points 8 months ago

The conflation of economic growth and profit.

[-] blakeus12@hexbear.net 1 points 8 months ago

you're missing the point. a system predicated on the infinite growth of either is objectively a bad idea. either way capitalism can't work. nitpicking this is missing the forest for the trees

[-] rah@feddit.uk 0 points 8 months ago

nitpicking

LOL

this post was submitted on 05 Apr 2024
334 points (94.9% liked)

Socialism

5265 readers
17 users here now

Rules TBD.

founded 5 years ago
MODERATORS