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this post was submitted on 30 Dec 2024
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How could we possibly have an economy that’s not based on constant growth? It’s absolutely inconceivable! I mean, what would we even do if we weren’t endlessly chasing that sweet, sweet GDP growth? Imagine a world where we actually meet everyone’s needs, live sustainably, and focus on well-being instead of mindless expansion—utter madness! Clearly, the only way to be “healthy” is to keep growing forever on a finite planet.
But that level of stability would mean no one could make themselves richer!
The thing is: nature will bring the stability anyway. It just won't include us. Sucks that we all have to die because the greediest among us cannot pull head from ass.
I don't think it's given humans will go extinct in the foreseeable future, rather the capitalist system will collapse and create room for a more sane one.
I don't think you necessarily need GDP growth to have a healthy small amount of inflation. Inflation has more to do with monetary supply than GDP growth.
I'd argue that inflation is best viewed as a result of decisions made by business owners rather than a passive outcome of market forces. Businesses increase prices to boost profit margins, often beyond what is necessary to cover costs. While external conditions like monetary policy or wage increases may create an environment conducive to price hikes, the decision to raise prices ultimately lies with businesses.