this post was submitted on 26 Jul 2023
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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.
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.