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submitted 9 months ago by [email protected] to c/technology
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[-] june 51 points 9 months ago

You’re describing the inherent limitations of capitalism. Our entire economy is predicated on infinite growth, which doesn’t exist and isn’t possible. What you describe is the eventual collapse of not just organizations, but of the US as a whole.

[-] just_another_person 21 points 9 months ago* (last edited 9 months ago)

No, not the US as a whole, but perhaps the end of the insane and without reasonable measures Capitalism that it has spawned. This is the theorized late-stage capitalism, but it was brought to this level by a broken and out of control system, whereas the academic model of capitalism would have had certain mechanisms of balance to prevent exactly where we are.

The system of the present is too imbalanced to function with all these corporations, conglomerates, and billionaires holding a disproportionate amount of the wealth and keeping it from circulating. The economic system in the US just can't work this way, so some drastic shift to reduce or remove the wealth gap will need to change.

[-] Telodzrum 5 points 9 months ago

Capitalism doesn't require infinite growth. This is some trite line that was invented on Twitter and became the common wisdom in online discussions about the failings of current national and global economic systems. It's not true. It appears to be true that the current model of capitalism favored the globe over requires infinite growth, but the current implementation of capitalism is not the same as it has always been implemented or will always be. There are more than enough legitimate criticisms of both capitalism writ large as well as current systems, we should be directing our ire through those arguments and not one that is factually false.

[-] TotallynotJessica 1 points 9 months ago

I suspect the argument is that capitalism is fueled by desire, which is psychologically insatiable. Some would probably say that any system allowing capitalism will eventually be corrupted by it and lead back to the infinite growth capitalism we currently live in. It's the belief that we have to totally extinguish it or it will come back stronger.

[-] FinalRemix 3 points 9 months ago

Good. Let's fucking get it over with.

[-] [email protected] 0 points 9 months ago* (last edited 9 months ago)

Our entire economy is predicated on infinite growth, which doesn’t exist and isn’t possible.

You can sit in front of a computer using almost zero new resources while coding an application which you then sell to a megacorporation for 30 billion. The "inifite growth with limited resources" -argument doesn't hold.

this post was submitted on 26 Jul 2023
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