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this post was submitted on 12 Jul 2023
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Because infinite growth of profits on a finite planet.
Yeah this part bothers me. To these companies a solid profit stream is not viable. It has to be iPhone level growth year after year or they think it’s failing and axe it. It’s quite annoying. Eventually you will hit a plateau. That just means it’s a mature market, not failing. Grrrr…
You see the same shit on streaming services. "Oh this show has been out for two days and hasn't reached Game of Thrones level of popularity already? Let's remove it from existence forever."
While companies today are certainly overzealous in their drive for growth, it is a myth that infinite economic growth is impossible. It is not only possible but necessary: https://medium.com/@oliverwaters_76079/the-strange-necessity-of-infinite-economic-growth-ebc2e505cdf1
That article is utterly unconvincing. It just handwaves the finite nature of our material reality with a very weak appeal to "infinite" human creativity. And then the conclusion is that infinite growth is necessary because there's no way to change the status quo of wealth hoarding. It's just apologism for the very worst aspects of capitalism without a single iota of serious thought.
I don't think there is any hand waving. Consuming a resource is not the only factor that goes into economic growth. Can you address that point specifically?
No I won't because it's irrelevant if it is the only factor or not. It's the limiting factor. Please don't engage in red herrings.
You won't because you don't understand what you're talking about.
Only two kinds of people believe in infinite growth; economists and psychopaths.
Infinite growth is cancer's credo.
Capitalism is unsustainable. We're seeing what happens in late capitalism. The belts tighten, the workers get left in the dust, the products consumers actually want get the axe.
We don't even have capitalism yet, what late stage are you talking about?
I guess that really depends on where you live. I can only speak on behalf of the US.
Where do you have capitalism in US? US is probably one of the most anti capitalist countries in the world right now.
That's not really true though and it's anecdotal. The anti-capitalist mindset might be growing due to awareness and people suffering at the hands of capitalism (continued layoffs, increased cost of groceries and rent, union busting, worker exploitation), but that's because of the ever-tightening squeeze of late capitalism. When you have a structure that requires infinite growth to exist, in a world with finite resources, you end up with the current state of the US.
I think it would be more accurate to say that the anti-capitalist mindset among the working class has definitely grown in the US, but at its core, the US is pro-capitalist.
Where's US pro capitalist? It's one of a few countries with legal corruption called lobbying, which helps big corps to shield themselves from competition. US today has a plethora of laws and regulations which create and sustain monopolies. US has whole industries created by lawmakers and completely stonewalled from anyone entering them. Capitalism my ass...
Also capitalism doesn't require infinite growth. I don't know where you people are getting that lunacy from.
Laws and regulations that allow capitalists to continue their pursuit of infinite growth. One of the definitions of capitalism is simply:
This is like a 1:1 definition of what we have in the US today, and our government enables, protects, and benefits from it. It’s “late” capitalism because it’s grown into a completely unsustainable system.
Late capitalism is the acceleration of growth and concentration of wealth in the hands of a few, with various crises being the result (layoffs, inflated prices, union busting, cuts in safety—e.g train derailments, etc).
That's not capitalism, lol. Oh, you people...
Enlighten us then.
What are you defining capitalism as, and what word would you use to describe our current system?
You can read about capitalism in Wikipedia.
Most countries today move towards economical fascism, where governments exercise control over private property but do not nationalize it. Lobbying, donor interest protection, cronyism, rise of oligarchy - you can see it in many countries. And then inevitable radicalisation of the public and scapegoating everything else as the core issue. Capitalism, migrants, ecology - everything is a problem but the government.
This Wikipedia article says that the US is a capitalist system.
Where are these things listed in the article as being incompatible with capitalism, and their presence meaning it's some other system?